I believe it is just a correction and not a bubble burst.

Here's my action plan, for what it's worth:

I will be paying really close attention when Gold reaches the range between 1700 to 1720.  If it seems to linger there a bit and start to bounce back up, I will buy more Gold.  If it drops further down, I would not touch it.  I will be looking for support again at around high 1500's to buy Gold.   If it falls even further, all bets are off.

Just my dui tola.  Make your own decision.