Don't panic about gold. Generally speaking, the first dip usually has enough momentum to bounce back because many people who missed out will take the chance to buy in while it's cheap. If this really is the peak, it would typically form a head-and-shoulders pattern or something like a triple top before completely dropping. As for whether this is a refueling point or a stage top, it's really hard to judge. Your strategy should depend on your trading level and timeframe. If you're looking at a long-term cycle of 5-10 years, there's no need to panic—just wait for the international monetary system to finish its reshuffle before making a move. If you're aiming for a mid-term position and want to buy physical gold, you might want to wait until it hits the 4-digit range before considering it. If you're trading short-term, treat it like an altcoin contract. At least gold can't go to zero, so it's definitely a case of long-term bullish and short-term bearish swings. Set your stop-loss, draw your boxes, and trade along the upper and lower edges of the range.