Gold has rallied nearly $30 to $1641.70 this morning, strongly through and above its 200 day moving average, which currently sits near $1630. Look for gold to correct back to $1630 and retest the 200 DMA which had been acting as resistance, and for the level to turn into massive support. IF gold bounces back up off of $1630 and can hold above this level through today's close, we are likely to have seen the bottom in gold.