The gold has been consolidating (with some new highs) for the past one month since it first broke above 1500. Previously, the gold has also consolidated for a month and a week since it first broke above 1400. Which also means, we are 1 more week away from a major bullish wave which could potentially break 1600. The price has dipped for the last 2 trading days which has probably led to a major stop out of buyers. Wait for patiently for the price to dip a little lower into the demand zone and/or the bottom of the 3-month rising channel to buy.