Gold has just not been able to catch a bid lately with price testing ever more levels of support. Yesterday saw gold break below the crucial Yearly Pivot support level @ 1805 and in the process also violated a longer-term diagonal. This obviously looks very bearish but if gold can find its feet between the Monthly S1 @ 1780 and major horizontal support @ 1750 it might muster the strength to stage a double bottom. In such an event, a retest of resistance @ 1880 would be expected followed by a move to about 1965, this would set the stage for the break to new ATH's around 2100+. If however, the 1750 level fails, the next levels of support are 1712 (MS2) followed by 1675 which is the final major diagonal support area. Below this things will get real murky for this precious metal.