Gold continued the move higher today and extended above triangle resistance at the $1605 area. That rally also moved above the 100 day MA (first time since May 1, 2012) but just like the last time, the price has moved back below the MA line (blue line in the chart above at the $1617.00 level). The close today will be of importance. If the price can stay above the trend line (all indications are that it will), the bullish bias continues. If it moves back above and closes above the 100 day MA at 1617, a move toward the high for the month at 1624.82 and the 38.2% of the move down from the 2012 high at 1627.22 will be the next targets.