I'd say (no offence intended) bendigo's post is typical of "weak hands". Gold obeys no ones timetable but its own. Gold bull markets are characterised by abrupt and forceful changes in direction and what we have seen thus far is similar to what has happened in previous gold bull markets.
It is useless to point day by day to small changes in the various technical indicators and comment on price fluctuations. You need to stand back and look at the big picture. Gold is still well into its bull trend. No major trend lines have been breached and life goes on.
If you are a position trader as opposed to a momentum trader, there is no reason to bail out yet.
