Aulin, I'm not sure why its lost its shine.I see a nice base...

Aulin, I'm not sure why its lost its shine.
I see a nice base building going on and it looks very positive.
This consolidation doesn't look too much different to the previous one which also followed a sharp correction (both circled) except this one has built over a longer time frame.
We had a pullback yesterday from the 50 DMA which offered some resistance for the technical profit takers (after a very solid move from 2.91), and that followed through with another 6c today on very low volume of 532,000. The selling certainly slowed the 2nd half of the day and we closed off the low.
(Today's action not showing on this chart yet).
I see this as positive.
I think only another round of gold going significantly lower again will break this base.
Higher gold prices (which is what I expect for now) should see us break the 50DMA resistance and retest the highs.
Note the very bullish triple bottom just above the line of expected support at 2.90.
Some of you may recall I expected at least initial support at that price. That initial support now looks very solid.
If this is not a time to buy, then I don't know what is.
I am not waiting for a quadruple bottom.