The most important factor affecting the price of gold is real interest rate.
If real interest rate is more than +2% , then easy money just leaves gold and goes safe harbor "interest". If real interest rate is low than 2% then easy money stays in gold. Whenever FED makes an explanation about the rate of interest it directly affects the price of it.
So , I dont believe gold will increase sooner. Since there is no new quantitative easing and there is tendency of interest rate increase , there is high possibility of decline in prices.
There is nothing new in this. They (all sorts of market analysts out there) repeat that thing again and again. But if you lived long enough (and managed to survive), you would know that things rarely come the way that everyone talks about. Just recent example, when the May jobs report was about to come out, the consensus was that the price of gold should fall if jobs increased above 200k. You guess, total NFP employment increased by 223,000 in April and gold spiked to +1230$ an ounce despite that...
In fact, you may not want to talk about possibility, but rather expectation