Gold similarities between tops

Gold is usually seen as a safe haven when stocks are falling or when inflation is rising. Neither of those two things are happening right now.
Investors also are worried about a rise in U.S. layoffs as spiking coronavirus infections cause more businesses to shut down. Congress has yet to agree on more economic aid.
All that has increased uncertainty about the direction of the economy. And uncertainty is often seen as good for gold prices.

This was said back in 2011 in August right at the top, I do think this also applies to today's environment.
- Inflation Rate for January 2021 is 1.4

"Gold is considered a good hedge against inflation," he said, "But the increase in gold price has far outpaced inflation, especially during the last decade."

He noted that inflation has only picked up 2.4% on an annual basis during the last 10 years, but the price of the yellow metal has climbed more than 21% a year during the same time period.

Unless higher inflation -- to the tune of 10% a year -- is forthcoming, Thomas said gold prices are "clearly in a bubble."

Buffet's famous words:
The prices of stocks and U.S. houses have risen faster over time than gold. Buffett has called investors who buy gold when the price is rising, even during times of uncertainty, "foolish."

Conclusion:
Short term exuberance because of the expected economic aid package, this will lead to a spike which will form a double top.