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Gold closed higher on Tuesday as it continues to rebound off the 50% retracement level of this year's rally crossing. Stochastics and the RSI have turned bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off June's high, the 62% retracement level of the aforementioned decline crossing is the next downside target.