(Chart 1 - Gold Daily Chart Zoom)
(Chart 2 - Gold Daily Chart)
If gold can get back down through the support zone that it just broke out of (1501-1464), then I think it will fall to 1350. If that fails it is headed to 1200.
However, I still think given the way it acted when in the 1501-1464 zone most recently, we are headed up. I think any test of the 1520-1480 area can be used to buy and accumulate a position for a scalp to 1560 and an ultimate target of 1615. You are wrong if it trades convincingly under 1464.