Wednesday , 20 September 2017


Gold Crashes Through Its 11-year Channel Support Line! How Low Will Gold Go Now?

Edited by: munKNEE.com – Your Key to Making Money!

Gold has done it! It took 11 years but it finally (albeit unfortunately) crashed through its channel support line of $1,690.00 and 200-day simple moving average of $1,663.07 to close out Thursday at $1,645.90 (with an intraday low of $1,636.00) down $22 from the previous day. Tomorrow is December 21st, 2012, the day the Mayan calendar predicted the world would experience an apocalypic event, so might we be in for a further major decline (just kidding) decline? 

So says Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!). Original post

Check out this chart for a look at gold’s performance over the past few days.

Stay tuned for key updates in the next few days on this very important channel support test.

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One comment

  1. I’m thinking drop below, no “crash” and then surprize many by reversing upward because of the fiscal games the Gov’t. Leadership are playing in DC…