Dan ... my own opinion is that gold is trading in the upper end of its trading range too-- but not above it. If it spikes another 5-6% from here, then we've got a top (with a cherry on top) but if it doesn't? Gold could meander in a bullish channel a lot like the Naz has (since April) and we all know how many times I've called the top there. :)
So having said that, the longer gold meanders in the bullish channel-- the higher I have to set my targets-- the bigger my expectations are for an even larger break-out.