Gold gapped up and closed sharply higher on Monday due to a flight-to-quality move on the part of investors following the weekend downgrade of US Debt. Today's rally saw October post a new all-time high. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI neutral to bullish signaling that sideways to higher prices are possible near-term. 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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