Gold Daily chart 11:07PM EDT 12/18/2012 Falling channels, 200-day SMA: The daily chart shows market trading down gold in a falling channel since hitting 1795.80 in early October. The latest November-December decline has brought the price of the precious metal down to around the 1660 area, which is around where the 200-day SMA resides. Support: The 200-day SMA was support at the end of August during an uptrend, but is now tested as support during a downtrend. It is reinforced by a rising
