Gold was steady on Tuesday (0830 IST) after it pared a 3 percent gain made last week on a rebound in the dollar, while declines in global stock markets underpinned its allure as a safehaven asset.

Gold was at $913.90 an ounce, up 0.1 percent from New York's notional close of $912.60. On Monday it fell about 0.4 percent.

The dollar and yen held broad gains made the previous day as investors continued to take profits on last week's rally in riskier assets. On Monday, the dollar rebounded from a fourmonth low against a basket of currencies (Dollar Index), making dollar-priced bullion pricier for non-U. S. investors.

Weakness in dollar and profit taking in equity markets may push Gold to $925 dollar. We recommend going long for the day at $910/oz and booking the profits around $920/oz.

Silver too may edge up during the day we recommend to buy precious metals at dips for the day.

Gold is in a Medium term Up-trend, simultaneously it is at the resistance line of the fall from the top. There are mixed sentiments at this point of time. But looking at the converging MACD line we see that it is getting close to the Zero Line. We do not recommend aggressive selling at this point of time. As prices can move up-wards if remain above 14650 levels.

Sliver prices are in an uptrend, taking resistance at the 22700-800 levels. The prices seem to be resting at the higher levels after a long journey. The MACD in Silver is in a positive territory. Silver prices are positive above 22200, thus one can enter around 22300-400 levels.