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COM: Profit booking drag Gold prices to red
 
Gold ended lower as the risk aversion that drove prices to record highs last month abated, with caution during the US Independence Day holiday also keeping a lid on gains.

A return of some physical demand after last week's price correction underpinned the metal, however.

Now technically market is trading in the range as RSI for 18days is currently indicating 48.1, where as 50DMA is at 18518 and gold is trading below the same and getting support at 18467 and below could see a test of 18425 level, And resistance is now likely to be seen at 18562, a move above could see prices testing 18615.
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