Gold Futures Remain Strong On Positive Indicators

NEW YORK (July 29) Gold closed higher on Friday. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near term. If it extend the rally off June's low, the reaction high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a short term top has been posted.