Gold October future prices traded down on Friday’s trading session. After making a high of 19080 it settled at 18966 levels.

Closing of the previous day candle renders sideways to lower price movements.

However, on the higher side resistance is at 19000 levels sustain below is likely to remain lower. We expect prices to trade sideways to lower.

Overall, expected to move in the band of 19000-18910 levels. Either side breakout would confirm the trend.

Courtesy: Karvy Commtrade Ltd.

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