With Gold falling below its November low of 1862, we might get short term bearish on the price of gold.
HOWEVER Bond yields are rising for 2 potential reasons; economic growth or inflation outlook. Though short-sighted wallstreet may think a major recovery is on the cards, the US market was in dire straights before covid already. Inflation prospects is thus higher probability.
Also, see the MACD / Price divergence on Gold. Gold might bounce from these levels.