MTECHTIPS- Gold trading range for the day is 29356-30630. Gold prices dropped as investors remained cautious ahead of the outcome of the U.S. presidential elections. Markets also remained cautious of the implications of U.S. election outcome on an anticipated interest rate hike by the Federal Reserve next month. Falling consumer demand and a halving of central bank purchases resulted in a 10 percent drop in gold buying in the third quarter, data from WGC showed. BUY GOLD DEC ABV 30100 SL BELOW 29960 TGT 30320-30550. MCX.