Gold is done for this round. Yesterday, gold plummeted over 2%, with London gold breaking below $5,000 per ounce.

Since the epic crash on January 30th, when gold dropped from its peak of 5598 to a low of 4408, gold has been finished, meaning this bull run is completely over.
After that, although gold did rebound and once recovered to 5400, it then started a slow decline until yesterday when it broke below 5000.
The extreme volatility of gold and silver at high prices definitely signals that major funds have already fled, retail investors rushed in to buy the dip and got trapped. Subsequently, gold will likely experience a prolonged decline. Those who chased the highs may end up like the "aunties" from the previous gold speculation craze, staying trapped for over a decade before breaking even.
There's a saying: "Sell when voices are loudest, buy when no one cares."
A few months ago, gold was at peak voices—people everywhere talked about gold, even the sweepers gossiped about gold.
On the streets of Tsim Sha Tsui in Hong Kong, I saw queues of 40-50 people forming daily outside old gold shops. Such spectacles only prove that gold was overheated.
Those believers who think gold only goes up and never down, see the situation clearly and abandon your illusions!!!#Gate13周年全球庆典