After the recent dump, the price has ground along the bottom of the 12 hourly EMA. With no real bull volume showing up, and RSI levels cooled right off, it's setting up for another bear flag (red lines), followed by another drop. Maybe some news might help the bulls gain some confidence (ETF's in AUG maybe??), but until the price crosses the 12 EMA, and higher lows and higher highs start forming on the four hourly chart we will most likely see more downside. Strong resistance at 6400, with a support at 6279 (yellow lines).