After dipping and rebounding, gold's movement could signal a reversal if it were within a clear uptrend or downtrend; however, considering current technical indicators and fundamentals, the market remains range-bound. During the Asian session, the price rallied to around 4070. As previously emphasized, trading key levels—shorting at highs and going long at lows—can yield solid returns if the rhythm is managed well.
On the 4-hour chart, the Bollinger Bands are narrowing, and moving averages are converging without a clear directional bias. The strategy for the US session remains unchanged: focus on shorting highs and buying lows to capture short-term swings. Significant volatility is not expected until Friday's Non-Farm Payrolls (NFP) data release. Support levels are at 4010 and 3980, while resistance levels are at 4120 and 4165; avoid trading in the middle range and wait patiently for the right opportunity.

Trading Recommendation: Go long on gold near 4010–4013, targeting 4040, 4070, and 4100. Alternatively, consider shorting if the price fails to break the 4115–4120 resistance zone.