Gold Over $4K: Blow-Off Top or Launchpad Higher?Gold FuturesCOMEX:GC1!SirCharIesGold (GC1!) has been one of the most beautifully trending markets over the past two years — a textbook example of structure, momentum, and clean technical behaviour. We’ve been following it closely since February 2024, and every markup and re-accumulation phase has respected the 5 / 10 / 20 / 50 MA stack perfectly. Now, price has reached the key $4 000 zone after yet another powerful rally leg. The big question: are we seeing a blow-off top forming, or is this simply another launch pad before the next expansion higher? Personally, I think we might need a flush toward the 50 MA (orange) to reset momentum and shake out late buyers before any real continuation. That said, I won’t even think about shorts unless the Daily closes below the 20 MA — the trend is still firmly bullish until proven otherwise. Let’s be honest though… this is where everyone suddenly becomes a top-caller, trying to outsmart a two-year uptrend 🤦♂️. We just keep it simple — follow the chart, trust the EMAs, and stay bullish until the structure actually breaks down. Key points: • Daily trend remains bullish with EMAs cleanly stacked. • A healthy pullback toward the 50 MA could reset momentum. • Short bias only valid after a Daily close below the 20 MA. • Holding above 20 ma keeps continuation structure intact. • Bias remains bullish until proven otherwise. Questions for you: 1.Do you think this is the final blow-off or just another launch pad before 5K? 2.How far do you see this pullback going — 20 EMA bounce or full flush to the 50 EMA? 3.Are you still riding the trend, or are you one of the many trying to call the top too early?