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Gold closed higher due to short covering on Friday as it extended this month's trading range. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, October's high crossing is the next upside target. Closes below today's low crossing are needed to confirm that a short-term top has been posted.

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Silver closed higher due to short covering on Friday as it extended this month's trading range. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, October's high crossing is the next upside target. Closes below today's low crossing are needed to confirm that a short-term top has been posted.