Sorry I stole the title from King World News.
If this line is broken on a weekly close, I say gold won't recover for several months, maybe several years.
There's still Friday, though, for the optimists among you. And King World News ...
[**UPDATE**] Disaster narrowly averted with today's rally .... If the red line is broken, I'm confident $1000 (horizontal green line) and perhaps even $800 (blue trend line) will follow.