Considering the most recent sideways momentum I expect a long-awaited bull run. given its popularity, I don't see this holding below the 12B Market Cap much longer.
Looks like we have a big short upcoming, good luck to everyone and may you all make a lot of money. we may see a head and shoulders pattern followed by a huge move to the downside but only time will tell, as of now, I expect a midterm downtrend which could possibly turn into a longer-term downtrend, a long-term down trend is in sight, just a matter of time.
This is highly undervalue with prices possibly reaching the 50 - 100 dollar range.
I've been waiting on a to-go short for almost five months since I have come to the realisation that gold is highly overvalued.
Only time will tell which direction we are heading, best of luck to everyone.