Gold closed lower due to profit taking on Thursday as it consolidated some of the rally off February's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this year's rally into uncharted territory, upside targets are hard to project. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.