Gold settled the week firm from last week’s close but on Saturday remained flat after Fridays fall as some traders cashed out to profit from the metal's record-setting rise in international market. Gold's attraction as a hedge against inflation increased after data showed new orders for a wide range of long-lasting U.S. manufactured goods rose in August and business spending plans rebounded strongly. Now support for the gold MCX is seen at 19060 and below could see a test of 18984. Resistance is now likely to be seen at 19223, a move above could see prices testing 19310.

Trading Ideas:

Gold trading range is 18984-19310.

Gold settled flat as traders cashed out to profit

Gold looks to take support at 19060 and resistance at 19223.

Spdr gold trust holdings fell by 0.91 tonnes to 1300.52 tonnes