"At this point I think we can pretty much count on the bears pushing gold down to test those lows($1523). If gold does make it down that far in the next several days, then there is going to be an attempt made to run stops right below that level. Remember this is how major bottoms are often formed. Big institutions trigger stops by breaking a major technical level. Technical traders stops trigger and the big boys step in and take their shares cheap, right as a major low is formed. Needless to say, there are probably a ton of stops right below $1523."