2019 CVO roadglide stock 34k miles always serviced by dealer I changed oil and Trans but not primary as dealer stripped bolts had to order a new set. Anyway got the stripped bolts out today took derby cover off and found this. Looks to me like water in the oil . Anywhere I should start looking it leaks zero oil and both Trans and oil are good ?
Had syn 3 in.it now has Amsoil primary oil

 

Primary fluid looks like that after a short time. No worries, no water there.

 

From the pic it looks like moisture in the oil to me.

It also looks like the primary is overfilled.

Change the primary lube and set it to the correct level.