Gold just had its largest & fastest decline since August 2020, falling -6.36% on a rolling 4-day basis. After Aug.'20, gold fell -23% & took 3.5 years to make new ATHs. Aside from happening in March 2020, it also occurred in 2011/2013, during significant multi-year downtrends.

This is gold's price action in 2010-2019, showing the similar selloffs (-6.36% or worse over a 4-day period), which were followed by significant drawdowns, both in terms of magnitude and duration.