Gold prices are expected to remain range-bound with support and resistance levels as there are no clear triggers that could push prices to move. The absence of momentum mainly comes from weak market sentiment caused by concerns over the US debt crisis and the recent PPI data from the US. The long-term trend remains positive for gold, though fluctuations between the support and resistance levels will continue as the pendulum moves between bulls and bears. The upcoming policy decision of the Federal Reserve in June could further weaken the sentiment of the gold market if it hints at taking a hawkish stance.