Based on looking at what happened last time when we had a similar drop, we could drop again to mid 1270's before seeing a bounce back again unless of course Gold started its bearish run. Gold is forecasted to see a drop in the near future and is currently just above forecasted price for May at 1286 so buying calls for price fighter then forecasted calls would be risky now or a gamble.
http://forecasts.org/gold.htm
http://forecasts.org/gold.htm