Gold - The Yellow Stable Coin - Cup and Handle?

Not that stable, has seen much action since 2019, and now, we have a curve, a deep one at that. Inflation is being miscalculated (if you go by CPI then I have a bridge to sell you). We can see a bit more down, but if this manifests as a curve and gradually moves back up, the handle will be formed and then probably a good idea to be hodling some of the yellow stable coin.

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Adding to position near 1600 if that happens, if I have spare fiat available, but I am content to just hodl as my position was bought and paid for much lower than current price.