Gold closed near the session low today in a mammoth sell off that featured profit taking, weak long liquidation and some panic selling that did do some psychological damage to the market, but no serious chart damage--yet.The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this year's rally into uncharted territory, upside targets will be hard to project.
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