Gold continues to trade in a sideways range. Key U.S. nonfarm payroll data will be released this week. Institutional capital remains on the sidelines. All market participants are waiting for Wednesday’s ADP Employment Report and Friday’s nonfarm payrolls to confirm the future trend. Therefore, gold stays range-bound to shake out retail traders.

The 4020 level is the core major support for this week. As long as this support holds, the short-term bullish structure will remain intact. If prices pull back to this zone, I favor buying on dips. Should gold break decisively below 4020, large capital will trigger a bearish shakeout, driving prices to test the critical psychological level of 4000. Long entry opportunities will emerge once the market stabilizes at this level.

The short-term resistance zone lies at 4070–4080, acting as the short-term dividing line between bulls and bears. If gold comes under pressure and fails to break above this zone, upside potential will be capped. When price meets resistance within this zone, pulls back and forms a reversal, short trading opportunities arise. Strong resistance is located at the previous highs of 4105–4110.

Trading Strategy
Rebound: Open short positions on pullbacks between 4070–4090
Targets: 4040–4020
Pullback: Open long positions upon stabilization between 4000–4020