Gold dipping below 2300 - what's everyone thinking?

• •Okay, so gold hit that 2400 high and now we're seeing it dip a bit, bounced off 2300 a few times.
• •I’ve seen enough cycles to know that a dip isn't necessarily a disaster, but it definitely makes you re-evaluate your game plan.
• •My current allocation is around 15% physical gold and about 5% in gold ETFs within my total ~750k portfolio.

Okay, so gold hit that 2400 high and now we're seeing it dip a bit, bounced off 2300 a few times. As someone who’s had a significant chunk of my portfolio in gold for over 20 years, pretty much since I retired from the auto plant here in Detroit, these movements always catch my eye. I’ve seen enough cycles to know that a dip isn't necessarily a disaster, but it definitely makes you re-evaluate your game plan. My current allocation is around 15% physical gold and about 5% in gold ETFs within my total ~750k portfolio. I've primarily used the physical gold as my hedge against inflation, and frankly, my insurance policy against all the global insanity we've seen. The ETFs are more about getting some exposure to mining operations.

My strategy for the last decade or so has been pretty straightforward: I DCA (dollar-cost average) into more physical gold on any significant dips, and I’m talking about 5-10% corrections. I'm not trying to time the market perfectly; that's a fool's errand. For example, back in the day, when it hit that dip around 1000-1200 an ounce after the GFC and then again around 2015, I was buying some more physical whenever I could. It felt a little nerve-wracking at the time, especially hearing all the chatter about gold being a "barbarous relic," but it paid off in spades.

Right now, with it hovering around 2300, I'm feeling a little antsy, but not panicked. I’ve got some dry powder set aside, probably about 20k, that I was planning to deploy if we saw a bigger correction, maybe down towards 2200 or even below. My gut tells me this current dip is more short-term noise than a fundamental shift, especially with inflation still being a sticky issue and all the geopolitical stuff bubbling up. I mean, common sense says that if the government keeps printing money, gold is going to eventually reflect that.

So, I'm curious for others who've been in the game for a while: what are your thoughts on this current price action? Are you sitting tight, or are you considering making any moves? Is anyone here also DCAing into physical gold right now, or are you waiting for a deeper correction? Always keen to hear different perspectives from folks who aren't just selling me something.