Gold closed higher on Wednesday and the high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. If it renews this year's rally, the 75% retracement level of the December-February decline crossing is the next upside target. Closes below last Monday's low crossing would confirm that a short-term top has been posted.
Join the Discussion