Major low in gold ?

There are some people I respect saying this is just a bounce but I am not so sure.Friday was a helluva move and COT data is bullish.We bottomed on a nice Gann realtionship from the last high on the square of 9,after a 3 month decline
 http://www.gotgoldreport.com/2012/05/cot-funds-high-short-positions-major-rally-fuel-for-gold-silver.html