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Gold closed higher on Thursday as it extends this week's rally above the 10-day moving average. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. If it extends this week'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.