Yup, so true, the charts are never wrong...that's the beauty of them!
I'm standing aside from bullion myself right now until the 'chart decides' as you say, and direction becomes clearer. I have a slight bias to the downside short-term because the Gold stocks have been diverging as of late from the POG, but my overall conviction isn't strong. Hopefully this week provides some concrete clues for this sector. Actually, the whole commodity complex in general looks pretty dicey right now so treading lightly is probably warranted. I sence a giant 'sea-change' coming to the markets...not good to be caught offside if/when that happens...