Forgotten gold - will you ever come back?

Gold has been one of the more boring assets for the past six months. The shiny metal broke below the 200 day moving average last week, but it has had a tendency to break below it and then suddenly reverse straight up. Note it bounced right on some sort of trend line that has been in place since Q3 2019.

Average consensus among investment banks is that gold should continue moving lower/trade stuck in a range. One of the main ideas is selling gold strangles among investment banks.