Small drop on Monday then pump to 5000 again GOLD (US$/OZ)TVC:GOLDAktiePremiumHello All Read chart 📈 1st 🥇 R1 4750 R2 4800 R3 5012 pivot point and universal support 4600 S1 4620 S2 4500 S3 4290 Gold has behaved more like a risk asset than a haven following Trump’s address, with the price reversing lower to test 4620$ newly supported the low from February 6 that triggered a sizeable bounce. That level has already been tested twice on the H4 and held, but in the current environment, it may well come under pressure again. Just beneath sits the 100DMA at $4620, visible on the daily chart, aligning with the uptrend from the June lows. Together, they form a key support zone for traders to watch closely. If the zone holds, longs could be considered above $5000 coming , with a stop beneath either that level or the March uptrend depending on risk tolerance, targeting a move back towards $4800, which stands out as a key near-term level overhead marking the point where the sharp leg lower in March began. The rejection there earlier in the session reinforces its importance, with $4900 a secondary reference above before former support at $500” comes into view. If the zone gives way on a clean break, shorts could be considered with a stop above the trendline for protection, targeting initially, with $4600 a reference point in between. Momentum is starting to soften on the H4. RSI (14) sits marginally above 50 after easing from overbought territory, while MACD is curling back towards the signal line and looks close to a crossover. It’s more a cautionary signal for bulls than a clean trigger for shorts, but in this environment, downside risks could materialise quickly.