Gold posted a key reversal down due to profit taking on Monday and the low-range close sets the stage for a steady to lower opening on Tuesday. August gold pulled back from a fresh record high today after the rally lost momentum and a stronger dollar pressured the market. Stochastics and the RSI are diverging and are turning neutral hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews this year's rally into uncharted territory, upside targets will now be hard to project.