> With key resistance around XAU=79 and HUI=155, [...]
well, augieboo is the expert of trendlines the way that LG draws them (perhaps he'll indulge me here) but it would seem that the HUI could pull back even further, say to 130, leaving its uptrend (i think they say, rising support line) from 2001 intact.
since i don't have an annotated chart of my own, here's someone else's. :-P