TechFlow reported on January 13 that Matrixport released a chart today stating, "Gold prices have maintained their strength, effectively breaking above the previous resistance zone. As early as summer 2023, when gold prices approached the $2,000 level again, we highlighted that breakout momentum near key price levels was building up, and the medium-term upside window deserved close attention.
With Trump and the U.S. Department of Justice issuing grand jury subpoenas to Federal Reserve Chair Powell, market concerns over the Fed's independence have further intensified. Erosion of institutional credibility continues to provide structural support for gold, and could accelerate central banks' efforts to reduce reliance on the dollar and advance foreign exchange reserve diversification.
On a relative basis, gold has outperformed Bitcoin significantly—gaining approximately 80% over the past year. Current momentum remains strong, the trend structure is still bullish, and a strategy aligned with the prevailing trend retains its advantage.
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