Today's decline is close to completing 5 waves down from Friday's high. There is the slight possibility that could be the end of the correction, but all of the other evidence is pointing to more downside. We should, however, see a small bounce before the downtrend continues.
Gold may rally from here before the downtrend continues, but expect downside surprises. A continuation in the decline to the 900 level from here will solidify the downtrend and point to very much lower prices in the future.