GLD / Gold was down -$2.51 to $110.46 / 10.4 = $1,149 … update
The possibility of that recent drop to Gold-$1130 being THE low has not (yet) been invalidated.
But neither has the low been confirmed.
Sometimes, after a big short-covering rally, there will be a big pullback. but it will hold above the low.
Gold has pulled back to a congestion level ABOVE the low of $1,132 of Nov. 7th
This chart identifies the congestion at $1138 – 1147