Gold closed sharply higher on Thursday renewing the rally off June's low. The high range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI remain 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 10day moving average crossing would confirm that a short term top has been posted.