Gold Trading Strategy for Range-bound MarketGoldOANDA:XAUUSDcusxgqSpot gold prices have retreated from highs, moving in a fluctuating downward trend. Bearish factors dominate the short term. Hawkish Federal Reserve policies have dampened rate cut expectations. A stronger US dollar and investors’ profit-taking keep gold prices under pressure. Fundamentals remain supportive in the long run. Continuous gold purchases by global central banks and lingering geopolitical risks cap sharp downside losses. Clear key technical levels: 4450 serves as the core support, with 4430 and 4400 acting as additional strong support levels. Major resistance levels stand at 4580 and 4600. The short-term trend leans bearish. It is advisable to go short on rebounds near resistance zones and take light long positions at key support levels. Trading Strategy Initiate short positions between 4580 and 4600 Stop-loss set above 4610 Take-profit targets: 4560 - 4540