Gold is in a technical correction? 

What we are looking at then, is a highly artificial technical correction.  The charts put up in the Zero Hedge article make that point:

I was tempted to sell, but experience tells me that the moment I sell, having held out for a long time, is frequently the time we are very close to the bottom, before we get a bounce off of oversold levels. 

However, when I don't sell because of this reasoning, it means the bottom isn't in and we have a ways more to go down until I finally sell at the actual bottom.  (I am NOT goint to sell).