Rate cut are not close, so that's making the USD strong. ( there is no fear in the market = usualy when we have fear in the market you protect your money in gold/commodities).
And we are currently forming a downtrend on the daily and weekly timeframe, but keep in mind that in the long RUN we are bullish ( look Monthly ).
We could expect gold to trade in the 1900-2000 range for the next month and in April we could expect All time high again. Good timing with the BITCOIN Halving.