Technical analysis: Gold moves above 100 day MA

Moves toward 200 day MA at 1218.25

Gold is moving sharply higher today and has breached the 100 day MA at the 1210.79 level. The price moved above this MA at the end of April only to fail and move back lower. The push higher is seeing increased upside momentum and looks toward the 200 day MA at the 1218.25 level. The price has not traded above the 200 day MA since Feb 6th Look for sellers on the first test, however.