Gold has been holding above this trendline since 2008, If it breaks it means we are not going to see any green for a while.
This looks scary but is also great news I think, It is a time to buy where you can get gold cheap and sell confidently if we lose another 2%. I am doing this as I am starting to build up my gold position as I am cashing out my profits in U.S. Equities over the last 5 years. The stock bear market is coming, start protecting yourself!