Gold rebounded +6.70 to 1193.30 on moderate volume, while silver rose +0.09 to 15.85 on moderately heavy volume. Since the buck fell -0.70% today, the PM rally today can be entirely explained by currency moves; gold in Euros actually fell -0.36%.
After dropping $15 yesterday, the $7 rally is not much of a bounce, especially given the very weak dollar today. Gold still looks weak. Adding to this sense, over the past two weeks, the volume on each up-day is much lower than the volume on the down days. That's always a bearish sign.