India, July 19 -- Technically Gold market is under short covering as market has witnessed drop in open interest by 6. 31% to settled at 15247 while prices up 66 rupees.Now MCX Gold is getting support at 34961 and below same could see a test of 34765 levels and resistance is now likely to be seen at 35272 a move above could see prices testing 35387.Gold on MCX settled up 0.19% at 35156 as expectations of a rate cut later this month weighed on the dollar and prompted investors to seek the safe haven commodity.Meanwhile the Fed is widely expected to lower interest rates by 25 basis points at its policy meeting at the end of the month with some in the market even betting on a 50 basis point cut.The Fed reported that the U.S. economy continued g...