As I nave not perfected the art of posting charts I'll offer my...

As I nave not perfected the art of posting charts I'll offer my thoughts on the technicals using text.

Recent high of 3.8c was a bit of a blow off on improving technicals. And so it was only natural to see the bulls take a rest, this resulting in a falling SP.

It gently fell all the way to 2.3c. This so happens to be a previous line of resistance .... remember? It was for the entire month of June that we believers had to wait for the SP to but up against 2.3c while someone offloaded.

Interestingly, when it did carve through 2.3c it took little time in getting to 3.8c. IN so doing it gapped at 2.5c ....

The recent pullback from 3.8c has bounced off previous resistance (support) and in so doing filled the gap at 2.5 - 2.6c. Volume has been light during this pullback (bullish). The recent low at 2.3 c is a higher swing low and is less than a 50% retrace when compared to all time lows set only six months ago (bullish).

RSI has turned up and is now back above 50. The recent pullback did break the 55 day ema (seemingly importnat for gold vs ASX stocks) but only breifly as it bounced off the 100 day ema. MACD has crossed (in the negative) and trending up in last few days ..... indicating an entry point - but perhaps we should wait for confirmation (not me as I believe in fundamentals).

If someone could post hte chart with 55 day ema, RSI and MACD then I would be eternally greatfull.

GC