/

Gold closed higher on Tuesday and above the 10-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 are turning neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends today's rally, this month's high crossing is the next upside target. Closes below last Friday's low crossing would temper the near-term bullish outlook in the market.