Gold closed higher on Tuesday and the high range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near term.
If it extends the aforementioned rally, June's high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.