$GOLD looked primed to push toward 4890, but Friday's close under the 200-day MA changes things. If it breaks the 20-day MA next, we're likely looking at an intermediate-term top. The bearish reversal is real now — not just noise. Watch that 20-day level; a clean break flips the script from continuation to rotation mode. Gold's been a safe haven play, but if it rolls over here, that capital has to go somewhere. Could be back into risk-on assets or just cash on the sidelines. Either way, the setup's shifting and the cycle read matters more than hoping for a bounce.