Gold ended higher as investors continued buying the precious metal as a way to offset potential losses from a faltering global economic recovery and dollar.

Gold opened at 18890 after weaker than expected confidence numbers in Germany prompted safe-haven buying. After consolidating just below 18980, fund buying, on the back of dollar weakness, pushed the metal through resting stops around 19150 and eventually to high of 19230. Quiet trading throughout led us to a close of 19195.Now support for the gold MCX is seen at 18980 and below could see a test of 18765.

 Resistance is now likely to be seen at 19320, a move above could see prices testing 19445.

Trading Ideas:

Gold trading range is 18765-19445.

Gold ended higher as economic worries rises again

On MCX gold looks to take support at 19120 and resistance at 19320 level

Spdr gold trust holdings rose by 6.08 tonnes to 1298.70 tonnes