Gold prices traded in a narrow range on lack of triggers as the US market was shut for Labor Day. Trading volumes are low and prices are sluggish as the US market is closed due to Labor Day holiday. Strong US manufacturing and non-farm payroll data last week had dulled gold's safe-haven appeal. Expectations of a rise in physical demand from India, the world's largest consumer, during the festival season are supporting prices. India is seen importing 504.5 tonnes of gold in 2010, up from the last year's 480 tonnes. Now support for the gold MCX is seen at 18967 and below could see a test of 18908. Resistance is now likely to be seen at 19061, a move above could see prices testing 19096.

Trading Ideas:

Gold trading range is 18908-19096.

Gold prices traded in narrow range on lack of triggers as US market was shut

On MCX gold looks to take support at 18965 and resistance at 19095 level

In spot gold looks to have a support at 1238$ and resistance at 1258$