I also strongly recommend if you currently own gold that you sell it when you see the chart go vertical. Don't try to call the top or squeeze the last 5% out of it. Be happy with the profits you've got.
The correction is liable to take a year or two. It will come on fast and furious, knocking off 10% or more within a day or two. Gold and silver are both prone to extreme behavior that would absolutely freak the stock markets out if it happened there. There are wild and volatile swings.
Silver is behaving in an interesting fashion. It's finally getting warmed up. I think it will make a run at its old high. I think it will beat its old high and rise in sympathy with gold.
I think I'll be a seller of both gold and silver when and if we see the flagpole formation on the charts.
The stock markets are still looking toppy. The spike in gold could indicate a further sympathy rise in the stock markets driven by inflationary fears. This is not, repeat not, a new bull market in stocks.