yeah buddy, i agree with what you said in your post... however, considering the current global eco situation it seems that we may not see GOLD is reversing upward soon... and today we got that Garmany is in Recession.... so in a way its also gonna be putting SELL presure on $XEU/euro, that is very much co-related with the
Gold price positively... so we may see a SELL OFF in gold soon [...