Gold ended higher as the dollar weakened, China kept interest rates steady and a U.S. tax cut extension loomed. The dollar fell, partly on concern a tax cut extension could swell the U.S. budget deficit. This gave gold a boost, as did signs that inflation is heating up in China, which has so far refrained from raising interest rates. Physical investment in gold declined Monday, with exchange-traded fund holdings falling by 4 metric tons to 2,133 metric tons. Now technically market is trading in the range as RSI for 18days is currently indicating 53.56, where as 50DMA is at 20252 and gold is trading above the same and getting support at 20524 and below could see a test of 20454 level, And resistance is now likely to be seen at 20651, a move above could see prices testing 20708.

Trading Ideas:

Gold trading range is 20454-20708.

Gold yesterday ended higher as the dollar weakened

Gold looks to take support at 20525 and resistance at 20650.

In spot gold looks to take support at 1382$ and resistance at 1408$