Gold settled flat Saturday on mild profit taking amid lack of local buying interest at the existing levels, despite the yellow metal hitting a record high in the global market. Gold is registering a strong up week at current 19150. The break of previous high of 19298 opens up a new topside target of 19500 level. Now support for the gold MCX is seen at 19091 and below could see a test of 19033. Resistance is now likely to be seen at 19211, a move above could see prices testing 19273.

Trading Ideas:

Gold trading range is 19033-19273.

Gold settled flat Saturday due to lack of local buying interest

On MCX gold looks to take support at 19090 and resistance at 19210 level

Spdr gold trust holdings rose by 6.08 tonnes to 1300.83 tonnes