Gold fell as the dollar was stronger and investors seemed to keep their money on the sidelines ahead of the week's key earnings and economic data points. Gold opened the day at 18430, as investors eagerly anticipated the dawning of earnings season. The metal, aroused by spirited fund-activity, attained a high of 18447 early in trading, before foundering on renewed interest in the greenback to a low of 18333. The commodity consolidated the day at 18364.Now support for the gold MCX is seen at 18316 and below could see a test of 18267. Resistance is now likely to be seen at 18430, a move above could see prices testing 18495.

Trading Ideas:

Gold trading range is 18267-18495.

Gold fell as the dollar was stronger and investors seemed to keep their money on sidelines

Gold looks to take support at 18315 and resistance at 18430.

In spot gold looks to take a support at 1188$ and resistance at 1210$.

BUY GOLD AUG @ 18300-330 SL 18250 TGT 18380-18420-18448.MCX