Dealers said a fall below the $466-$470 level could trigger a correction back to around $460, a level last seen on October 21. A break above a key resistance of $475 could see the market retest a near-18-year high of $480.25 hit on October 12, they said.
The Federal Open Market Committee is widely expected to raise its key rate to 4 percent on Tuesday from 3.75 percent, but investors would focus on the accompanying statement for clues about further increases.
Spot gold was at $472.20/472.70, down slightly from $473.10/473.80 late in New York on Friday.
"The market may try the downside again. But if we fail to break below $470, then we know it wants to go up," said one dealer in Singapore, a centre for bullion trading in Southeast Asia.
"It's very quiet in Asia. There's nothing go on," he added. The euro was little changed at around $1.2056, having fallen in New York after data showed the US economy grew a better-than-expected 3.8 percent in the third quarter, supporting expectations that the Fed will keep raising rates.
With gold renewing its link with the dollar, investors would closely watch the developments in the currency market. Dealers said bombings in India, the world's largest gold consumer, had little impact on the bullion market. At least 59 people were killed and more than 200 people injured on Saturday after three bomb blasts hit New Delhi ahead of the Dowel Hindu festival of lights which falls on Tuesday.
Markets in Singapore and Malaysia will be closed on Tuesday for the celebration. Other precious metals were firmer but lacked impetus to repeat last week's fund-led gains.
Thinly traded palladium rose to $224/228 an ounce from $223/227 late in New York and off a 1-year peak of $227 hit last on Thursday. Platinum also rose to $937/941 an ounce from $935/939 in New York.
The metal hit a 25-1/2-year high of $947 last week. Silver inched up to $7.77/7.80 an ounce versus $7.75/7.78 in the US market.