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Gold closed lower due to profit taking on Tuesday as it consolidates some of the rally off January's low. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off January's low, January's high crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook in the market.