Gold closed sharply lower on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Prices closed nearer the session high today and scored a fresh contract and all-time high. A weaker U.S. dollar boosted gold today. Gold bulls have the solid overall near-term technical advantage. There are still no strong, early technical clues of a market top being close at hand for gold. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.