Gold finished with small losses as some investors unwound the risk aversion play that sent prices near all-time highs earlier, but sentiment was mixed amid moderate holiday-like trade. Despite Wednesday slight pullback, the metal's price remains high as investors aren't completely calm about the European banking system and the pace of the wider worldwide economic recovery. Now technically market is trading in the range as RSI for 18days is currently indicating 63.21, where as 50DMA is at 18515.76 and gold is trading above the same and getting support at 19050 and below could see a test of 18995 level, And resistance is now likely to be seen at 19184, a move above could see prices testing 19263.

Trading Ideas:

Gold trading range is 18995-19263.

Gold yesterday ended weak on profit booking

On MCX gold looks to take support at 19050 and resistance at 19180 level

China Jan-July gold output up 10% at 190.298 tons