Gold is so far holding the 1,303 - 1,306 support zone and (H)5 after pricing its Higher Low it is extending its Channel Up (RSI # 58.514, MACD # 2.660, Highs/Lows # 0.000) with 1,325 - 1,327 as the next Higher High target. Despite another day of rebound on DXY, Gold is less affected as it continues to be more tied to USDJPY (XAUUSD # +0.28%, USDJPY # -0.35%). Buying pressure also comes from the global pull back on equities after the disappointing European PMI data who raise flags for a possible economic slowdown. Especially if the Existing Home Sales later today also disappoint. I remain bullish with my TP intact.