Gold closed lower on Thursday while extending the trading range of the past eight days. The low range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are bearish hinting that a short term top might be in or is near. Closes below the 20day moving average crossing would confirm that a short term top has been posted. If it renews the rally off June's low, the reaction high crossing is the next upside target.