i am calling a bottom, page-21

Geez, went to bed quite confident that we would see a bounce into the $865 area and was very surprised to see that gold closed technically down near its lows. An important support area of $850 should have shown a big bounce to indicate the importance of this area. My thoughts are that this is not a good reaction from a critical support level especially noting that the gold bulls like myself should have been taking positions and defending this level with vigour.