Gold's history of long sideways stretches vs. the current stock market bubble talk how are people weighing this?

Been DCA'ing into gram gold since late Feb. Bought 16.5g in Feb, then 20g each in Mar, Apr, and May 76.5g total. Skipped last month. Currently down about -17% on it. Not asking what I personally should do, more curious how people think about the tradeoff in general right now: a lot of economists seem to be saying gold's done rising and could go flat for years (it's happened before, 10-15 year stretches aren't unheard of), while at the same time a lot of people think the stock market/ETFs are overextended and due for a correction. Also curious what people make of the constant "China is buying more gold" headlines feels like it gets repeated so often it's hard to tell how much is real demand vs. narrative-pushing. How do you think about balancing gold vs. equities in an environment like this?