This is very leftfield but just thought I’d get it out there.  It’s based on $XJY falling back to either ~ 90 or ~87.50

and the $gold-$XJY ratio falling back to ~10.60:

xjy-w1 xjy-w gyr-m gyr-q

If gold were to fall back to these levels it would still be above the EMA 20 on gold’s yearly chart, which, IMO, would mean the bull market was still intact:

gy