Gold behavior is strongly influenced by fundamentals at this time, often in the face of technical analysis. That said, there are several support levels in the 1,600-1,700 range that could easily be tested. However, the unprecedented fiscal and monetary policy actions will only increase in scope between now and election day and I expect a gold price above $2,000 by that time. There will be consolidations along the way and any pullbacks of 5% or greater should be accumulated. Also, each investor should have a base exposure to gold, so I recommend to have a minimum allocation of 10% of portfolio assets which should be accumulated quickly if not already done. Allocations above 10% should wait for pullbacks.