Resistance: 1584.58 moderate/1593.52 minor/1604.38 minor
Support: 1573.72 strong/1564.78 moderate/1553.92 minor
GOLD is generally bullish though prices are just under a moderate resistance at 1584.58. With a mid level bullish candlestick pattern, Bullish Engulfing in 4-Hour charts, look for possible buys on a close above the said price. Immediate target is 1593.52 possibly 1604.38 on a break of the latter. A stop loss should be placed below the pattern low or alternatively just under 1573.72.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices