Gold moved slightly lower during the European session, while we continue to expect that dips maybe limited to 1565.00-1563.00 area, a break below 1563.00 will be concerning, however the suggested bullish scenario should remain intact so long as 1550.00 is holding. ** Overall trend ( More than one year) ** Intermediate ( More than three months) ** Short term ( Less than three months) ** Chart is based on GMT+2 timing Notes:  *if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
Support	1567.00	1563.00	1555.00	1549.00	1540.00
Resistance	1576.00	1580.00	1590.00	1600.00	1605.00
Recommendation	Based on the charts and explanations above, we prefer to long the metal above 1562.00 targeting 1580.00,1590.00 and 1600.00. Stop loss below 1549.00