Gold ended down tracking overseas markets and a marginally stronger rupee, prompting local traders to stock for the ongoing wedding season in the world's largest market for bullion. Gold market is still in the midst of its busy season after the Dhanteras and Diwali festivals earlier this month as many weddings are to take place till December, when demand for the yellow metal tends to go up. In the quarter to September, India imported 214 tonnes of gold, up 21.6 percent on year, the WGC said. Now technically market is trading in the range as RSI for 18days is currently indicating 59.73, where as 50DMA is at 19790.18 and gold is trading above the same and getting support at
20328 and below could see a test of 20290 level, And resistance is now likely to be seen at 20408, a move above could see prices testing 20450.

Trading Ideas:

Gold trading range is 20290-20450.

Gold ended down tracking overseas markets and a marginally stronger rupee

Gold looks to take support at 20325 and resistance at 20415.

India imported 214 tonnes of gold, up 21.6 percent on year - WGC