Gold broke below the Nov monthly candle, but silver has held above that. Until both of them break their monthly trends, i will stick with the thesis that the bull market in Gold/Silver is intact. The GDX Nov lows are also intact. This is similar to what happened in SPX and Nasdaq last fall. While S&P broke it's monthly trend, Nasdaq failed and it turned out to be a fake-out.
If SLV and GDX break below Nov monthly candle lows, then i think the bear would resume, possibly taking GOLD below $1000. I am not selling my physical Gold and Silver even if that were to happen, but would be adding somewhere down the line. I am playing this not based on the charts, but on a thesis that eventually there is going to be massive currency debasement and huge inflation. Don't worry, Trump is going to take us there. The man knows 2 things - LEVERAGE and BANKRUPTCY. First he is going to use leverage and a lots of it. There will be massive spending and huge inflation and currency devaluation. There is no escaping it.
This post has nothing to do with short-term picture of GOLD.