I'm not sure what you're basing your thesis on gold could fall at anytime or if you're referring short-medium term? We all know the macro backdrop re central bank intervention and inflation of M2 money supply. On top of that there's a technical change in the Dow/gold ratio which shouldn't be ignored.
My chart below going back 30 years to Jan 1980 when the ratio was 1:1. In Q4 2018 the ratio touched the 50% fib and failed to regain, ultimately breaking the channel in July 2019. Then followed repo-pocalypse in Sep 19 fed repo rate blow out and not-QE. (I'm not sure anyone needed anymore signs to be out of the market at that point). Anyways until 22.5 is taken out on the below I'm confident long gold (and PM stocks) and commodity currencies (AUD) / short stock-market indecies is the correct trade. *not financial advice*.
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