Here is the update Gold chart.

608 remains the key level, as it represents a fill of the gap on the chart. It is marked horizontally with the dotted line.

Until this is exceeded, this has to be viewed as a continuation pattern downward. Keep in mind the commercials, are long, so this may happen. If they were short, on this type of pattern, this would be a short entry setup.

Since, it is a continuation down pattern, with bullish fundamentals, it is a mixed signal setup, and hence no action at this time.