New Lows for Gold!

Gold has smashed through lower levels, giving up the 1700's entirely, and falling deep into the 1600's. We broke the lower anchor of our Fibonacci levels entirely, which we expected to at least provide some support. Currently we appear to have tested and broken our very last level at 1670. Inverse Fibonacci levels yield the next level below at 1658. The Kovach OBV is abysmally bearish but perhaps 1658 will provide support.