Gold closed higher on Tuesday and above the 20-day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends today's rally, the reaction high crossing is the next upside target. If it renews the decline off January's high, the 25% retracement level of the 2009-2010-rally crossing is the next downside target.