Gold (XAU/USD) is showing moderate gains, trading near the $3,340 region after recovering from earlier lows of $3,325. Despite these upticks, the overarching trend remains bearish from last week’s highs above $3,400. The current price action suggests that gold finds itself in a trapped situation below the crucial $3,360 level. Investors should remain cautious in making decisions, balancing potential buying opportunities against the prevailing bearish sentiment. Staying informed about economic indicators and geopolitical events will be essential for navigating the gold market effectively.