Matrixport released a chart today stating that gold prices continued their strong performance, effectively breaking through the previous resistance zone. Back in the summer of 2023, when gold prices approached the $2,000 mark, we pointed out that breakout momentum was accumulating near key price levels, and the medium-term upward window was worth watching closely. With Trump and the US Department of Justice serving a grand jury subpoena to Federal Reserve Chairman Powell, market concerns about the Fed's independence have further intensified. Damaged institutional credibility continues to provide structural support for gold and may accelerate central banks' efforts to reduce their reliance on the dollar and diversify their foreign exchange reserves. In a horizontal comparison, gold has outperformed Bitcoin by approximately 80% over the past year. Current momentum remains strong, the trend structure is still bullish, and trend-following strategies remain advantageous.