Gold buyers are taking more control with a break above the 100 day moving average

The price of gold pushed to a high near $4,450 last week before reversing lower and falling back below two important technical levels: the 100-day moving average at $4,390.87 and the 100-hour moving average at $4,384.33. That decline took gold down toward $4,350, where buyers stepped back in. In trading today, the technical picture has improved. Gold has moved back above both the 100-hour and…