In a bull market technical indicators often embed during a...

In a bull market technical indicators often embed during a strong advance and traders, conditioned for bear markets, pull the trigger too early.
Take the COT's for example. Zeal's opinion is that the COT's show Gold is due to rollover:
http://www.zealllc.com/2020/gdskhdfk.htm
Avi Gilburt argues otherwise:
https://www.investing.com/analysis/gold-investors-wrongly-fear-the-cot-200495584

Direction of Gold in the next 3-6 months dependent on the strength of the global economy. If weaker than the market is pricing in, interest rate expectations will drop further, weakening demand for fiat currency, strengthening demand for safe havens including Gold. Alternatively if the economy is seen to be improving, as low unemployment and inflation in real terms are hinting, then demand for Gold will fall.

Another thing to keep in mind is if we enter a bear market Gold mining stocks will have a tough time, like in 2008. Getting the direction right is hard, timing is harder.