Gold ended lower after fluctuating in a tight range as a recovery in the euro encouraged investors to consider more risky options. However, persisting euro-zone economic uncertainties helped prevent a steeper decline in the safe-haven metal's prices. Now technically market is trading in the range as RSI for 18days is currently indicating 66.06, where as 50DMA is at 17276 and gold is trading above the same and getting support at 18320 and below could see a test of 18253 level, And resistance is now likely to be seen at 18496, a move above could see prices testing 18605.

Gold trading range is 18253-18605.

Gold ended lower as recovery in euro encouraged investors to consider more risky options

Support for the gold is seen at 18320 and resistance is at 18440.

Spdr gold trust holdings rose to record high at 1267.626 tonnes

SELL GOLD JUNE @ 18400 SL 18460 TGT 18360-18322-18270.MCX