Gold settled positive as the U. S. dollar weakened and investors wanted more of the precious metal as a haven while equities eased. Gold did pare some gains after on the U. S. jobless data, which were stronger than expected. Gold opened at 19155 and made a low of 19088. PPI and Jobless claims came in around expectations, leaving the metal to trade sideways. Buying interest took us up to a high of 19230 but profit taking soon took the metal down from high to close at 19171. Now support for the gold MCX is seen at 19096 and below could see a test of 19021. Resistance is now likely to be seen at 19238, a move above could see prices testing 19305. Trading Ideas:

Gold trading range is 19021-19305.

Gold yesterday settled positive as the U. S. dollar weakened

On MCX gold looks to take support at 19100 and resistance at 19240 level

In spot gold looks to take support at 1262$ and resistance at 1282$.