Svmuu News: Matrixport released a chart today showing that gold prices have continued their strong performance, effectively breaking above the previous resistance zone. As early as the summer of 2023, when gold prices were approaching the $2,000 mark, we noted that momentum for a breakout near key price levels was building, and that the medium-term upside potential warranted close attention.As the Donald Trump and the U.S. Department of Justice served grand jury subpoenas to Federal Reserve Chairman Jerome Powell, market concerns regarding the independence of Federal Reserve have further intensified.The erosion of institutional credibility continues to provide structural support for gold and may accelerate central banks’ efforts to reduce their reliance on the U.S. dollar and diversify their foreign exchange reserves. In a cross-market comparison, gold has outperformed Bitcoin: over the past year, it has outperformed by approximately 80%. Current momentum remains strong, the trend structure remains bullish, and trend-following strategies continue to hold an advantage.