Gold ended higher after some investors used a recent price retreat as a buying opportunity amid lingering worries about debt issues in Europe. Gold opened the day on its lows at 18549 on MCX. Gold reached to a high of 18705 on a faltering dollar late in the day. The commodity ebbed marginally late in trading, to close the day at 18664.Now support for the gold MCX is seen at 18574 and below could see a test of 18483. Resistance is now likely to be seen at 18730, a move above could see prices testing 18795.

Trading Ideas:

Gold trading range is 18483-18795.
Gold yesterday ended higher on bargain buying
Support for the gold is seen at 14600 and resistance is at 18720.
In spot gold looks to have a support at 1224$ and resistance at 1240$
BUY GOLD ON DIP @ 18550-18580 SL 18500 TGT 18620-18670-18725.MCX