Given the 14-month downward channel in place, the rough $1665—1645 area becomes rather important support. That range shows 5 unrelated technical models/indicators appear in it, including the TD Propulsion Exhaustion level at $1664, the 200-day moving average at $1663, the TD Risk level associated to the -13 count at $1659, the uptrend line from the last low in May before the rally ensued at $1649, and the TDST line at $1647.

We think the gold bulls are gonna want to see these support levels hold.