I think you have a pretty good idea there, blue line on my chart corresponds around 118 on GLD, i do think prices rebound earlier without having a tecnical impact on charts (low of the body on weekly candle is on this level for the previous low, that is why i have green arrows too), but i will be following SLV and GDX for better measure, the latter is already closer to the double bottom so might give the momentum too.
Haha! i think it has time to come back a little, as long as does not cross red box (Daily EMA21) there is no confirmation of bounce so continues to drift lower for a purple box target (also BB- weekly). What markets does next week it's an important factor too i think. Happy tradin!
Looks like you are targeting Jan 2014 for the high, I see it going up into next summer, perhaps 1600 to 1800, my signal is actually for Silver to go up into next summer but Gold (gld) should go up with it. There could be an initial high into late Dec. or early Jan.