Gold ended higher as investors bought the metal as a safe-haven on lingering concerns about euro zone debt.  Gold opened on MCX at 17139. We reached an intraday high of 17255 shortly after the ISM Manufacturing index came in at 60.4, the highest level since June 2004. Profit taking saw the metal trade to downwards. With London closed, quiet trading at end of day took the metal to its close of 17186.Now support for the gold MCX is seen at 17128 and below could see a test of 17069. Resistance is now likely to be seen at 17250, a move above could see prices testing 17313.

Trading Ideas:

Gold trading range is 17069-17313.

Gold ended higher as investors bought the metal as a safe-haven

Support for the gold is seen at 17120 and resistance is at 17240.

In spot support for the gold is seen at 1174$ and resistance is at 1194$.

BUY GOLD JUNE @ 17140-17160 SL 17100 TGT 17190-17222-17270.MCX