August gold was higher overnight as it extends last week’s rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 946.40 would confirm that a short-term low has been posted. If August renews this month’s decline, the reaction low crossing at 882.00 is the next downside target. First resistance is the 20-day moving average crossing at 946.40. Second resistance is last Friday’s high crossing at 947.00. First support is the 10-day moving average crossing at 934.10. Second support is last Tuesday’s low crossing at 913.20.