Gold pulled back as the metal's rally lost momentum and a stronger dollar pressured the market. Gold opened at 18832, before progressing on fund-buying to a high of 18984 at the fix. Shortly later, the metal was fustigated to a low of 18651, as funds deserted the metal in favour of a galloping dollar. The commodity managed to regain poise near the tail-end of the session, closing at 18706.Now support for the gold MCX is seen at 18577 and below could see a test of 18447. Resistance is now likely to be seen at 18910, a move above could see prices testing 19113.

Trading Ideas:

Gold trading range is 18447-19113.

Gold pulled back as the metal's rally lost momentum  on strong dollar

Gold looks to take support at 18640 and resistance at 18770.

In spot gold looks to have support at 1228$ and resistance at 1242$

BUY GOLD AUG @  18710-725 SL 18680 TGT 18760-18800-18835.MCX