Gold: Trading Low Range – Favor the Long Side

After pulling back to 3980 yesterday, price found support and staged a rebound, though it failed to break through the 4020 resistance. Today's key focus is on the 4020–4030 resistance zone, with major selling pressure sitting at 4040. Should price rally above 4020, a pullback to test support near 4000 would be worth watching—if that support holds, another leg higher is likely. The overall bias remains to the long side, though if upside attempts fail to overcome resistance, short positions could be considered as a complementary strategy.

Trading reference levels:

Buy @ 4000 / 3980

Sell @ 4040 / 4070