Spot gold short-term trading advice: high-level consolidation, sell on rallies, buy on dips
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(1)Analysis Reason: High oil prices are driving up inflation expectations, and the delayed expectation of Fed rate cuts is strengthening the US dollar and US Treasury yields, suppressing gold performance. Short-term risk aversion demand has not completely dissipated, but funds are more inclined towards the US dollar. Technically, gold is retreating from high levels and entering a consolidation phase, with short-term fluctuations and adjustments as the main trend.(2)Key Focus: US Treasury yields, US Dollar Index, geopolitical situation, US PCE data(3)Resistance: 5050, 5080, 5100(4)Support: 5000, 4950, 4900;
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