Gold posted a key reversal down due to profit taking on Thursday and the low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it extends this year's rally, upside targets will be hard to project now that October is trading into uncharted territory.
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