Gold closed lower on Wednesday and the low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near term. If it extend the rally off June's low, the 25% retracement level of the 2012-2013 decline crossing is the next upside target. Closes below the 10day moving average crossing would temper the near term friendly outlook.