Gold?

Gold has been a popular short of late, with $DUST making huge gains the last few weeks. But the spot price is about to hit a double bottom of $1200 last reached in June. Question now is does it keep falling below that level of support or does it bounce hard and resume the long term up-trend (looking at 20-year chart)? Seems there is some sentiment out there that gold is outdated and has no place in today's tech world, especially with Bitcoin becoming a possible choice as a hedge against the $USD.