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Gold closed higher on Wednesday and is poised to extend this year's rally. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it renews this year's rally, upside targets will be hard to project. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.