Last week I posted a $1500 target for gold in September and a much larger target at a later date - here is the chart from August 29th:

Gold_8.29

Sunday's stop tripping plunge down to $1373.20 fulfilled the $1375 short-term pullback target, which in combination with today's bullish action sets us up for a potentially very sharp 2-3 week rally to $1500+:

Gold_Daily_9.3.2013

If gold breaks above the May high of $1487.20 there is a large volume air pocket all the way up to $1530. If we think back to the April plunge there was virtually no trading once the sell-stops below $1530 were triggered, gold took the proverbial "elevator down" all the way to the $1300s.

Markets are almost always slower on the way up, however, price has an amazing way of gravitating to these volume "air pockets" where stop loss orders were previously triggered (market profile guys often call these volume pockets "single ticks").