Gold steady retaining small gains from the previous session, as investors watched for the latest news on the euro zone's solutions to its debt crisis, as strength in the dollar weighed. Gold is set to rise this year, but may struggle to replicate last year's stellar performance as the euro zone debt crisis recedes and authorities around the world start to look towards tightening monetary policy. Now support for the gold MCX is seen at 20245 and below could see a test of 20197. Resistance is now likely to be seen at 20331, a move above could see prices testing 20369.

Trading Ideas:

Gold trading range is 20197-20369.

Gold ended the steady as investors watched for the latest news on the euro zone's solutions

Gold looks to take support at 20240 and resistance is at 20360.

IMF valued its recent 403.3-metric-ton gold sales around $14.76 billion

BUY GOLD FEB ABV 20305 SL 20275 TGT 20328-20356-20370.MCX