Gold closed higher on Tuesday and the high-range close sets the stage for a steady to higher opening on Wednesday. Prices closed nearer the session high today and scored a fresh contract and all-time high. A weaker U.S. dollar boosted gold today. Gold bulls have the solid overall near-term technical advantage. There are still no strong, early technical clues of a market top being close at hand for gold. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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