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Nasdaq has already broken through, why hasn't ETH fallen? $XAU This round of gold's sharp decline is the result of five negative factors resonating together: the Fed's hawkish stance exceeding expectations + US dollar strength + US Treasury yields + profit-taking outflows + failure of safe-haven logic. In 2026, the gold market will transition from a one-sided bull market to a high-volatility oscillating market. Sell on rebounds, let's profit together.