Gold is s very emotive subject. If it falls then capping and manipulation to drive it through the floor. If it rise, market crash is just for starters. However these are the paper quotes so ain't real value. Maybe some one has a new metric for intrinsic valuation?
Personally any resemblance of a potential reversal point is to watch the next swing low that firms prefably weekly TF. Until then it is considered catching a falling knife. The current low is more likely to break for that quick waterfall effect that reverse just like the recent price action.
Plenty of bargains around which is just a trap for those FOMO.