Is it time to buy gold?

The price of gold has risen over the last two months near the psychological limit of $1,300 per ounce. The latest rise was linked to increased tensions between the United States and North Korea.
Tensions have fallen, but the price of gold does not ...
So, logically, the question arises - isn't it time to buy gold? A similar moment may be the potential breakthrough at the key level of $1,300, which keeps at this point the further appreciation of the noble metal.
In addition, US indices show serious signs of weakness after testing their recent peaks. Such an action would open their way to further decline, which in turn would have a very good impact on the price of gold.