Gold is in a potential breakout formation with a minimum upside measuring objective of 1200. A consolidation here that does not violate 800 to the downside is within the bounds of this formation and will be considered a right shoulder.
Such a correction is not necessary to the formation.
Gold is still in a bull market. There will be corrections, some of them quite challenging. This is the very nature of a bull market, to shake the resolve of the bulls, and continually entice and confound the bears, who struggle to hold their pessimism from one line in the sand to the next.
Some day the bull market in gold will end. But not yet.
"Even the holy Name of God is being dragged into discourses of death. A world with one heavenly Father vanishes, as in a nightmare. We are met by threats, rather than the invitation to listen and come together. Those who pray are aware of their own limitations; they do not kill or threaten with death. Death enslaves those who have turned their backs on the God, turning themselves and their power into an idol to which they sacrifice every value, demanding that the world bends its knee." Leo XIV