The XAU Index appears to want to re-test the 80 level. The 50 day moving average continues lower and is acting as resistance in preventing the Index from advancing further. The configuation of the last compared to the descending average suggests that there may be a few weeks or so of weakness ahead, possibly resulting in another opportunity to pick up some more shares at discount prices.

http://stockcharts.com/h-sc/ui?s=%24XAU