It happened today. The line in the sand — where the 23.6% Fibonacci retracement at $5,016 converged with the Murrey Math 4/8 Major S/R pivot at exactly $5,000 — has been broken.

 The $5,000 level in gold is no longer a milestone.

Markets opened the week with a striking reversal from the pattern that has defined the past 17 days, and traders who read the surface-level price action in gold may be drawing the wrong conclusions.