Technicals are objective.

Both 50 and 100 dma are crossing down across the 200 dma. Rule of thumb is; for gold it is good to buy when these have crossed and are moving up.

Bollinger bands are opening up,suggesting volatility. Stock values have violated the lower band.

Macd, stochastics are all negative, showing a negative decline since about july 30/09.

Next support appears to be .58 and .45, that would then fill the July/09 gap.

As an aside; Goldcorp just filled their May 6/09 gap with their Feb 4/10 low.

Don't know whether this should be comforting or concerning, but most gold stocks are showing similar signs on their technicals.

Most reports suggest that there will be a down turn in the near future,with gold prices over all bullish. However the gold prices in all other countries appear more bullish than in our market.

I suspect this is a year, that changes can occur on almost a daily basis. We will become aware that the world is a global village.