Most probably this thing is happening here when gold broke above the october high and price tagged 1200.
In the last 3 hours of gold trading price dropped more than 10$...
We should come down into the daily cycle low in the following 5-8 days.
I will use Fibonacci levels for targets:
50% - 1136.51
61.8% - 1121.26
GDX and NUGT ( Mining verctors) printed a reversal today.