Gold ended steady mark after a day of mixed trading in equities and currencies left markets little definitive direction. Gold on spot fell after the settlement when the U.S. Federal Reserve chairman didn't address worries about deflation in his highly anticipated comments to senators.

Now technically market is trading in the range as RSI for 18days is currently indicating 45.44, where as 50DMA is at 18584 and gold is trading below the same and getting support at 18318 and below could see a test of 18271 level, And resistance is now likely to be seen at 18405, a move above could see prices testing 18445.

Trading Ideas:

Gold trading range is 18271-18445.

Gold ended steady mark after a day of mixed trading in equities and currencies

Gold looks to take support at 18320 and resistance at 18405.

In spot gold looks take support at 1172$ and resistance at 1198$

SELL GOLD @ 18400-420 SL 18454 TGT 18365-18320-18270.MCX