Gold settled unchanged after gaining heavily Friday on safe-haven buying as investors fretted about euro zone debt after Fitch cut Greece's credit ratings. Bullion fell early in the session before turning higher after Fitch downgraded Greece's rating and as the International Monetary Fund urged Europe to agree to more comprehensive measures to tackle the debt crisis. Managed money sharply scaled back their bullish bets in COMEX gold futures and options to the lowest level since March as prices fell sharply, US regulator data showed. Now technically market is trading in the range as RSI for 18days is currently indicating 56.13, where as 50DMA is at 21698.7 and gold is trading above the same and getting support at 22143 and below could see a test of 22119 level, And resistance is now likely to be seen at 22195, a move above could see prices testing 22223.

Trading Ideas:

Gold trading range is 22119-22223.

Gold settled unchanged after gaining heavily Friday on safe haven buying after cut in Greece's credit rating

Gold looks to take support at 22080 and resistance at 22220

Spdr gold trust holdings rose by 10.61 tonnes to 1201.95 tonnes.