Gold was moving effortlessly higher Wednesday night even though the Dollar Index was off just slightly, suggesting there are committed buyers behind the rally.  The high so far is 1103.70, the precise target of the pattern show in the chart, but any progress above it would portend a minimum 1107.50/1108.60.  To determine whether this surge is more than a one-day wonder, we’ll use 1123.90 as a benchmark. A print today at that price would shorten the odds that an important bottom is in.