* Gold market thin on U.S. holiday * Gold's rebound to end below $1,500 - technicals * Coming up: Euro zone Sentix index for July; 0730 GMT (Adds comments, details; updates prices) By Rujun Shen SINGAPORE, July 4 (Reuters) - Gold regained some lost territory from the previous session on Monday supported by a weaker dollar, but analysts said that easing concern about Greece's debt crisis has diminished gold's appeal as a safe haven in the short term. Euro zone finance ministers have approved a 12 billion euro instalment of Greece's bailout, sending the euro to a one-month high against the dollar. The dollar edged down 0.3 percent against a basket of currencies. Gold dipped below the key support level of $1,500 in the last session, and faces strong headwinds in the short term, traders and analysts said. "After Greece passed the austerity measures, market participants will need to find another reason to buy into gold," said Ong Yi Ling, an analyst at Phillip Futures. "But right now it's hard to find a catalyst for gold prices to push higher." The price outlook for the rest of the year however remains bullish, supported by the wobbly economic recovery in the United States and high inflation in major fast-growing economies like China and India, analysts said. Spot gold gained half a percent to $1,492.60 an ounce by 0338 GMT, regaining some lost ground from the previous session. U.S. gold GCcv1 rose 0.8 percent to $1,493.90 an ounce. Technical analysis also pointed at lack of momentum, suggesting that gold may end its weak rebound below $1,500 and resume a preceding fall towards $1,472, said Wang Tao, Reuters market analyst. "There is small buying interest in Asia, but nothing game-changing," said a Hong Kong-based dealer, "The gold market will be taking cues from the euro and oil, which are giving some upside support to bullion." Gold is likely to be rangebound between $1,470 and $1,520 in the next few days, he added. Managed money sharply cut their bullish bets in COMEX gold futures and options, as bullion prices tumbled, futures regulator Commodity Futures Trading Commission data showed Friday. Holdings in the SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, dropped to two-week low of 1,205.809 tonnes by July 1. Activity was thin as the U.S. financial markets are closed for a public holiday on Monday. Supporting market sentiment, about 8,000 workers at Freeport-McMoran Copper & Gold Inc's Indonesian unit started a seven-day strike, although Freeport said the strike would not impact production at Grasberg mine, which it claims to contain the world's largest single gold reserve. Precious metals prices 0338 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1492.60 6.80 +0.46 5.15 Spot Silver 33.94 0.00 +0.00 9.98 Spot Platinum 1718.99 -15.96 -0.92 -2.74 Spot Palladium 756.53 2.53 +0.34 -5.37 TOCOM Gold 3886.00 -3.00 -0.08 4.21 58214 TOCOM Platinum 4513.00 41.00 +0.92 -3.90 10284 TOCOM Silver 88.30 -0.80 -0.90 9.01 316 TOCOM Palladium 1975.00 26.00 +1.33 -5.82 159 COMEX GOLD AUG1 1493.90 11.30 +0.76 5.10 5406 COMEX SILVER SEP1 34.01 0.31 +0.90 9.92 1064 Euro/Dollar 1.4561 Dollar/Yen 80.76 TOCOM prices in yen per gram. Spot prices in $ per ounce. COMEX gold and silver contracts show the most active months (Editing by Ed Lane)

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