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Gold closed higher on Monday as it extends the rally off July's low. The high-range close sets the stage for a steady to higher opening on Wednesday Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off July's low, the 75% retracement level of the June-July decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the friendly outlook.