Gold was slightly higher in quiet trading overnight as it extends last week’s trading range. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this month’s rally, the reaction high crossing at 966.70 is the next upside target.

Closes below the 20-day moving average crossing at 935.60 would temper the friendly outlook. First resistance is Monday’s high crossing at 960.00. Second resistance is the reaction high crossing at 966.70. First support is the 10-day moving average crossing at 947.70. Second support is the 20-day moving average crossing at 935.60.