See after a fall of 2000 points a short covering of 500-600 points is pretty normally..under these circumstances one need to keep deep s/l and shud be ready to average on bounces... 20.10 & 1250 have acted as v gud support both in gold and silver many times and hence I believe this shud not be broken so easily especially when fundamentally too physical and ETF buyings have been so subdue,...infact many big funds have cut there holdings in ETFs by as much as 30-40%...
And we cant exactly call it a double bottom since from first bottom the rise is not sufficient and hence tgt shud be lower..moreover it is being formed in hrly..lets remain wid trend,.