XAUUSD: Oscillating at low levels, awaiting entry opportunitiesGoldTVC:GOLDRonnie_JohnGold is currently fluctuating at a low level, maintaining an overall weak bias. This week’s Federal Reserve interest rate decision will be the critical factor in determining whether a turning point for gold emerges. On the 1-hour chart, after breaking below the 4070 level last week, gold failed to stage a quick recovery. Instead, it is now testing the 3960–3940 support zone—a range that served as support back in June and July. Meanwhile, the 4070 level has effectively shifted into a point of resistance. For intraday trading, keep a close watch on the 4070-4080 resistance level; as long as it remains unbroken, there is an opportunity to enter short positions. Additionally, monitor the 3960–3940 support zone; should the price pull back into this area, a rebound from an oversold condition could occur at any moment.