Important price points: there are two counts bullish n bearish.

A new downwards trend looks most likely to now be in place. A short-term target for a bounce is at 1,464. (this target has been there for many months before 2020 ) .

If Gold is in a new bull market, then it should begin with a five wave structure upwards on the weekly chart.

For bullish wave count : Cycle wave III may be complete. Cycle wave IV (target 1495 or below) may not move into cycle wave I price territory below 1,303.51.