I've certainly been wrong on AMEX:AUMN in the past, BUT I have always had proper stops in place to protect from the possibility of waterfall losses. I personally believe it's time to try again.
Gold & Silver appear to be breaking out and the setup is (once again) in play for AUMN. Below the teal support box is when to exit the trade. That's when you know you're wrong.
Other than that, we have clear resistance areas above and, ultimately, are still hopeful for the long-term target.