Gold pulled back as market participants sold holdings to cash in on the metal's record highs and demand declined on a lack of market moving news. Gold opened at 19190, before trading down to the 19150 level. Buying interest emerged as the dollar sold off, taking us to a high of 19257. Some late selling took us to a low of 19107 and range trading led us to a close of 19139. Now support for the gold MCX is seen at 19078 and below could see a test of
19018. Resistance is now likely to be seen at 19228, a move above could see prices testing 19318.

Trading Ideas: Gold trading range is 19018-19318.

Gold fell yesterday as traders take profits

On MCX gold looks to take support at 19080 and resistance at 19225 level

Spdr gold trust holdings fell by 3.95 tonnes to 1294.75 tonnes