Gold will bounce back, that is a given, and today was a result of gold being on the upswing for a while now and it needs to find a support level as well as catch her breath so to speak! Gold has gone up steadily every year over the past few years with the markets and global economies predicting that the future was indicating a recessionary trend and gold went up as a hedge against that prediction. Today with a recession in the imminent future, gold will continue to follow it's existing trend and will likely make the current highs look like what the old lows look like now! Just remember that all stocks and commodities do not just go straight up......they will take their time to catch their breath and sometimes go sideways but rest assured it will continue!