Gold closed sharply lower due to profit taking on Thursday as it consolidates some of the rally off January's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. Multiple closes above December's high crossing would renew this winter's rally into uncharted territory. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.