Gold prices waver in a narrow range of USD 1234-1228 as investors avoid making big bets ahead of the Eurogroup meeting and amid lack of fresh cues from the US markets. The metal failed to extend gains beyond the 10-DMA located at USD 1234 despite the uncertainty surrounding the Greek debt deal. The Eurogroup is widely expected to provide a short-term fix to the debt issue, although meaningful moves in Gold may not be seen unless the group confirms a concrete debt deal today. The likelihood of a permanent fix is very low and an extension could be the most likely outcome. Furthermore, gold prices also lack fresh cues from the US Treasury markets, which remain closed on account of a trading holiday. The metal currently trades at USD 1230.50/Oz; up 0.28% for the day. The immediate resistance is seen at 1236 (50-DMA), above which gains could be extended to 1243 (200-DMA). On the flip side, support is seen at 1227.30 (5-DMA) and 1216.6 levels.