BUY GOLD DEC 29435 TARGET 29459-29499-29550 WITH SL 29285
Gold was mostly unchanged early on Thursday as the dollar held firm on strong U.S. services sector growth, with markets awaiting the key U.S. non-farm payrolls report on Friday.Gold trading range for the day is 29215-29695
Spot gold was steady at $1,274.50 an ounce at 0407 GMT.
U.S. gold futures for December delivery were unchanged at $1,277 per ounce.
Technically Market is getting support at 29310 and below same could see a test of 29215 level, And resistance is now likely to be seen at 29550, a move above could see prices testing 29695.
Gold prices could come under pressure later in the session as Yellen is slated to deliver a speech. Meanwhile from physical side China's net gold imports via its main conduit Hong Kong plunged 55% m-o-m in Aug to the lowest level since January as higher domestic prices dented demand. Net gold imports via Hong Kong fell to 32.57 tonnes from 71.78 tonnes in July.
Got a better overview of gold market here. Gold were down by -0.35% at 29406 as rupee gained 0.80%, it is the biggest gain in seven months, against the dollar after the RBI decision on its key rates.
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