Yes drnols- that's the way I see that 2nd push into the high in early January 2010- on no volume. So you know that move was not legit and we were going to head back down. I am not so sure we need a washout low. If we have a low (or high) on heavy volume, then that will get retested. Since we came down on light vol, and if this bottom holds here, we will not have to come back down to retest this low.

I like the action I am seeing even though it sucks seeing Tyhee retrace when Gold is making all time highs. But if this was easy then everyone would be a millionaire. Now that all the weak hands have been washed out, we can go up. Only the strong will be rewarded.