Gold is trading near $3,971, attempting to stabilize after rebounding from the $3,887 support area. The 4-hour chart shows price consolidating below the 50-EMA at $4,069, while the 200-EMA around $3,943 is acting as a short-term floor. The RSI remains below 45, suggesting limited buying momentum for now.
A sustained move above $4,010 could open room toward $4,145, whereas failure to hold above $3,940 risks another drop toward $3,885 or $3,791. The recent candle structure shows indecision, with small-bodied candles signaling hesitation ahead of the upcoming Fed decision.
For now, gold remains range-bound, with traders watching $4,010 as the key breakout point to confirm a potential recovery.