Gold ended higher on spillover buying from strong crude oil, a late-day slide in the U.S. dollar and also demand from investors still buying the metal in other currencies.  Now technically market is trading in the range as RSI for 18days is currently indicating 60.94, where as 50DMA is at 16663 and gold is trading above the same and getting support at 16846 and below could see a test of 16671 level, And resistance is now likely to be seen at 17116, a move above could see prices testing 17211. Spread between Gold APR & JUN contacts yesterday ended at 74, we have seen yesterday that the gold market had traded with a positive node and settled 1.33% up. Spread yesterday traded in the range of 71 - 83.

Trading Ideas:

Gold trading range is 16671-17211.

Gold ended higher on spillover buying from strong crude oil  and a fall in dollar

Gold yesterday climbed to records in pound, euro as investors seek haven

Gold SPDR Trust holding rose by 4.57 tonnes to 1111.56 tonnes

SELL GOLD APR @ 17060-17080 SL 17122 TGT 17022-16980-16945.MCX