June gold closed slightly higher on Friday as it consolidates above the 10-day moving average crossing at 1202.90.

The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term.

If June extends this week's rally, this month's high crossing at 1249.70 is the next upside target. First resistance is Thursday's high crossing at 1218.50. Second resistance is this month's high crossing at 1249.70.

First support is last Friday's low crossing at 1166.00. Second support is the reaction low crossing at 1156.20.