Three ideas
1. The FED will issue a change in raising rates ie: a pause or some jawboning on being flexible going forward (Brainard made such a comment yesterday and she is a super hawk). Gold would rally if that were to happen and inflation is still out of control.
2. If the dollar stops going up gold can rally.
3. Below is a chart of the Chapman Wave (Basil Chapman). I only look at on a weekly basis as it is more reliable than shorter time frames IMO. In his methodology an F peak or decline is a bottom.