Gold pared gains as a pullback in crude oil prices offset safe-haven buying inspired by mounting unrest across the Arab world and renewed euro zone debt worries. Gold largely tracked movements in oil, which rose earlier in the session as pro-democracy protests spread from Libya to Yemen and Kuwait, prompting worries that outweighed OPEC assurances of ample spare capacity. It eased from its intraday high of $1,436.80 after news that high-profile bond investor Bill Gross unloaded all U. S. government-related holdings, which include Treasurys, in the world's biggest bond fund. Now technically market is trading in the range as RSI for 18days is currently indicating 58.09, where as 50DMA is at 20550.76 and gold is trading above the same and getting support at 20961 and below could see a test of 20875 level, And resistance is now likely to be seen at 21124, a move above could see prices testing
21201.

Trading Ideas:

Gold trading range is 20875-21201.

Gold pared gains as a pullback in crude oil prices offset safe-haven buying

Gold is having support at 20940 and resistance at 21120 level.

In spot gold looks to hold support at 1418$ and resistance at 1442$.