We are in decline trend GoldOANDA:XAUUSDAktiePremium Gold will support 4290 then 4190 drop this level directly go 3850 levels without any hesitation, hold and bounced from this zone we will see 4600 again soon The dollar remains king, but central banks are quietly building an insurance policy for a more fragmented world. Trust Did Takeaways • Gold overtaking Treasuries is not a gold story. It is a trust story. • The ECB did not create a new narrative; it validated a trend that reserve managers have been acting on for years. • Central banks are diversifying reserve risk, not abandoning the dollar. • The bigger long-term consequence may be felt in the Treasury market as institutional investors gradually replace central banks as marginal buyers of US debt.