/
 
Gold closed lower on Monday as it consolidates some of the rally off January's low. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are 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 confirm that a short-term top has been posted.