I still like the comparison with the ‘bowl’ base and breakout in the early 2000’s. There are many similarities. My suggestion would be (based on past behaviour), gold needs to retest $1400.

Edit: One notable difference is the way we descended into the base in the late 1990’s (i.e. gradually). That contrasts sharply with the waterfall decline in 2012/13. That may open up the ‘reverse symmetry’ scenario, as I’ve mentioned before. In other words, we could go back up in just the same way we came down (i.e. fast, with no back-testing of the breakout or edge of the bowl).