Gold prices traded range bound amid dollar strength and reluctance among traders to place bets ahead employment data due later this week. Gold's historic bull run comes amid increasing investor interest in physical gold holdings and growing political and economic uncertainty. India likely imported about 32.6 metric tons of gold in September, down 17.8% from 39.7 tons a year earlier because of higher prices. Gold showed as a tiny flat day at current 19241. Price action also shows yesterday as an Inside day. The trend is strong with only yesterday’s Inside Day as a possible warning reversal. Now support for the gold MCX is seen at 19181 and below could see a test of 19122. Resistance is now likely to be seen at 19286, a move above could see prices testing 19332.

Trading Ideas:

Gold trading range is 19122-19332.

Gold prices yesterday traded range bound amid dollar strength

Gold looks to take support at 19181 and resistance at 19286.

India Sept gold imports likely 32.6 tons vs 39.7 tons