At the time of writing, the precious metal was up 1.2% and trading at around 1,815 USD, which are levels last seen nearly a decade ago.
As long as gold trades above the 1,790 - 1,800 USD support area, all three outlooks appear bullish (short, medium, and long-term). Should the US dollar fall further (which seems probable), we could see a quick run toward 1,900 USD here.
However, if the bullion breaks below the mentioned support, we could see a steep decline as stop-losses will be hit, targeting the next support near 1,770 USD.
Sentiment and the fundamental situation are still bullish for precious metals. Thus dips are expected to be bought.