Precious Metal::: MCX Gold is trading at 37,834 levels, 0.93% above from its previous close. The precious metal is likely to dance on the tunes of U.S. Michigan Consumer Sentiment that rates the relative level of current and future economic conditions. On hourly scale, the precious metal is trading near its potential 'Supply' zone that is placed in a narrow range of 37,810-37,872 levels. The counter is trading below 100 hours Exponential Moving Average. Stochastic oscillator is on the verge of giving a bearish crossover.