I'm bullish on gold long term, so here's some high time frame analysis while Peter Schiff rattles off on Bitcoin again.
Bullish scenario - Price pumps up to 1600 and then finds support on 1575 (price has to close above 1575) Bearish target - momentum and volume slows down bringing price to supports at 1425 and even as low as 1330. Excitement will increase at the discount and buyers will take charge again.