In addition to the technical patterns/outlook, I could provide various fundamental reasons why the price of gold should be higher than it is now. However, with a quick Google search you can look that up on your own. Just know, the fundamentals currently support the technical outlook.
I expect GLD to remain for the foreseeable future and I believe, at minimum, GLD will retest the 2011 highs.
Initial Price Target = $150
Stop Loss = $120
Disclousure: I am long shares of AMEX:GLD