Gold closed lower on Monday and below the 38% retracement level of this year's rally crossing. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are diverging but turning bearish again signalling that sideways to lower prices are possible near-term. If it extends the decline off June's high, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted.