Gold ended the week positive following disappointing U. S. payrolls data, as investors' appetite for perceived safer places to put their money also sent Treasury prices higher and the U. S. dollar lower while equities and industrial commodities such as oil and copper fell. Gold closed the week on a high note, witnessing its first up week since June 14, coming after six consecutive down weeks. We are neutral Gold at these levels but see fresh buying of the metal if it manages to close above 18550. We now see support at 17900, as the trend line comes in at this level on a close basis. Now support for the gold MCX is seen at 18188 and below could see a test of 18180. Resistance is now likely to be seen at 18205, a move above could see prices testing 18214.

Trading Ideas:

Gold trading range is 18180-18214.

Gold ended the week positive following disappointing U. S. payrolls data

Gold looks to take support at 18140 and resistance at 18260.

In spot gold is having resistance at 1212$ and support at 1196$