Gold prices steadied Saturday recovering from lows as the dollar fluctuated against a currency basket amid uncertainty ahead of this weekend's G20 meeting in South Korea. Spot prices rallied sharply to a record $1,387.10 an ounce late last week but have struggled to maintain traction as the dollar rebounded from lows amid fears expected U.S. monetary easing had been too heavily priced into the market. Friday’s trading failed to muster a lot of conviction; however a new 13 session low leaves gold vulnerable. The weekend's G20 meeting and the USD reaction leaves a lot of risk on the table this weekend. Now support for the gold MCX is seen at 19332 and below could see a test of 19207. Resistance is now likely to be seen at 19510, a move above could see prices testing 19563.

Trading Ideas:

Gold trading range is 19207-19563.

Gold Saturday recovered from lows amid uncertainty ahead of G20 meeting

Gold looks to take support at 19380 and resistance at 19510.

India's gold imports during current financial year are expected to be higher at 800 metric tons.