Gold has started a sharp drop as it was expected. Now the question is how far? Now gold moves up and down with market. In normal situation and inflation gold goes up as market goes down but in this black swan gold drops as market drops. There is a huge chance of another market crash, S&P500 was out of track yesterday. New the trade war is getting start again between Trump and China regarding the virus. This fragile market needs small poke to crush down again. During the crisis as you have seen investors cash out everything including gold and bitcoin. I see a big warning. I think we easily can touch $1650 but to go further down we need more bad news on economy or further delay on vaccine.