Gold ended higher due to weaker dollar and renewed concerns about currency risk and inflation.  The dollar is putting in new lows and the mostly soft news from the G-20" is keeping gold prices supported. Gold prices are also garnering support from the broader rally in commodities, which signals higher inflation ahead. Investors had increasingly sought gold as a safe harbor asset from rising foreign exchange volatility, as governments around the world moved to depreciate home currencies to boost domestic economic growth. Now support for the gold MCX is seen at 19472 and below could see a test of 19398. Resistance is now likely to be seen at 19623, a move above could see prices testing 19700.

Trading Ideas:

Gold trading range is 19398-19700.

Gold ended higher due to weaker dollar and risk worries

Gold looks to take support at 19470 and resistance at 19625.

In spot gold looks to take support at 1326$ and resistance is at 1352$.