Gold closed lower on Wednesday. The midrange close sets the stage for a steady to higher opening when Thursday'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 short term top has been posted.