The most likely timing band for gold's daily cycle to bottom is on the employment report which is released on Friday morning. There should be a short-term tradable rally even if it's only for a 4-8 days as gold tries to break the cycle downtrend line. Stay patient for a few more days and wait for gold to form a swing low before trying to buy.
So far this year our metals portfolio is up 15% despite gold and minters being down for the year. We've got another chance coming soon to add to that, but it may be just be another short term trade unless gold rallies $40-$50 on the employment report. However, so far the miners don't appear to believe the move down in gold is the real deal. If they continue to churn sideways or drift higher over the next two days, they will be set up nicely to rally out of the daily cycle low, maybe even making a higher high on the HUI Index to test resistance at the 150 level before topping.