Precious Metal:: MCX Gold is trading at 38385 levels, 0.30% lower from its previous close. The precious metal is likely to be range bound ahead of US China trade talks. CPI & Core CPI data declared below the expectations. On hourly scale, the precious metal is trading above 50 & 200 DMA. If we look at RSI it is not showing any divergence. Gold prices are likely to be range bound only. Its resistance can be around 38590 and support seen around 38180.