All the people with buy orders in the 3s will be raising them to bids with a 4 handle.
Shorts are toast. China has been importing 60-100 tons a month since last summer. By the end of the decade they'll have a lot more gold than that child molestor deadbeat Uncle Sam at this rate.
Your just not going to see a lower gold price with China determined to become 1st world financially (GOLD) not to mention all the other factors bullish for gold that are too numerous and tedious to list.