Gold tends to take a long break after each major surge. Historically, its closest correlation with gold has been the 10-year US Treasury bond, but even US Treasuries are no longer controlling gold's performance. If the AI bubble bursts, there will be a liquidity crisis, which will negatively impact precious metals. If the bubble doesn't burst, everyone's attention will be focused on the Nasdaq, and gold won't see much movement. For long-term investors, the ideal entry point is during a forced liquidation event triggered by a liquidity crisis; otherwise, wait.