Technical outlook and chart setups:
As seen in the 4H chart, Gold has completed retracement near 1570/75; and it is further providing a clear bullish opportunity at the following confluences:
1. The 0.618 Fibonacci support of recent upswing rally from 1555.00 to 1620.00.
2. Backside of the trendline that acts as support now.
3. Past resistance turned support around 1570/80.
4. The Morning Star Bbullish signal appears in the 1H chart.
Trading recommendations:
Hold on to long positions taken earlier, initiate fresh longs as well, stop at 1540.50, target open. 1660 is reachable now.
Good Luck!
