Each candle is a week.  Down 7 of the last 8.  GLD is due for a bounce.  Has Gold put in a bottom? Don’t know.

Could it go much lower?  Certainly.  Could next week be another down week?  Yes.

What’s the plan?  If playing a bounce, have an exit strategy  (mental or hard stop) to either lock in profit or limit loss.

Eventually a bottom will be in, we just don’t know where and when.  If you keep losses reasonable – you will have the emotional stability to enter when eventually the metals run and therefore wipe out any prior manageable losses.