Gold closed lower on Tuesday. The high range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI have turned 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 extend the rally off June's low, the reaction high crossing is the next upside target.
Spot Gold May Hit High Soon As Rsi Turn Bearish