During Gold Bull Markets you get periods where POG can experience massive pullbacks in price. You just need to keep aware of the BIGGER picture.
The Gold Bull Market that commenced during early-2016 is showing signs of life again, however, major TL resistance has proven to be a hard line to break.
Between the 2001 and the 2011 high - POG increased by almost 600% from $280 to over $1900. A similar duration and increase in POG from the 2016 high proceeding the breakout, could have a POG over $9000 by 2026. http://bit.ly/2r9xsX6