The End of Gold

Gold (GC) 22. October 2012

Long and Short term charts for Gold (GC) as of 22. October 2012

Gold (GC) has been the favorite of investors since it began to climb the price charts in late 2005, though the rise may be traced back to 2002. The favorite crises commodity was predicted to reach 2,000 dollars, but has so far only just popped over the 1,900 mark. With the tops forming in August and September 2011, the price of gold has not managed to make a firm brake through the 1,800 price tag.

This tunnel, that has been running between 1,520 and 1,800 dollars, has shown some interesting formations.

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