Gold prices dipped and rebounded; watch for 3980.GOLD (US$/OZ)TVC:GOLDAnalystDavid_Gold prices traded within a range today, with bullish and bearish forces relatively evenly balanced. In Asian trading, gold opened lower and quickly dipped, hitting a daily low of $3962 before rebounding. As of pre-market trading, gold is currently trading around $4000. Looking at the hourly chart, the Bollinger Bands are narrowing, and gold is trading below the middle band, exhibiting typical range-bound trading characteristics. During the US session, watch for resistance at $4030. A break above this level could present a buying opportunity on a pullback, with a target of the $4050 area. If prices fall again, watch for support around $3980. In short, the market remains range-bound; avoid chasing highs or lows.