Gold closed higher on Thursday as it consolidates above the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI have turned bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it resumes the decline off June's high, the 38% retracement level of this year's rally crossing is the next downside target.