The highest volume in over 4 weeks, but is it enough to confirm...

The highest volume in over 4 weeks, but is it enough to confirm a breakout and breakaway gap? I don't think so unfortunately. Gold has been rejected from the USD$1927 per ounce resistance, so it will likely have one more decline to about $1800. I think institutional investors know this, so hence the hesitation to get back in to MGV and let it sit for a while longer. Happy to be wrong because I'm significantly invested here. It also seems like 50c is a fairly solid floor. We could be bouncing around 50c to 58c until the end of November when gold makes its next and pretty big move from $1800 to new highs. Gives anyone who is confident in MGV to keep buying more until then. I certainly will be.