Spot gold short-term operation suggestion: range-bound, buy on dips, sell on rallies
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(1) Analysis: The US Dollar Index remains strong and US Treasury yields stay at high levels, putting pressure on gold; although there is some geopolitical risk-aversion demand, market sentiment is cooling at the margin. Repeated expectations regarding a Federal Reserve interest rate cut are limiting gold's trend direction. Technically, gold remains in range-bound consolidation, with momentum indicators leaning slightly weak, so short-term prices may continue fluctuating between key support and resistance levels.(2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation(3) Resistance: 4450, 4500, 4560(4) Support: 4400, 4370, 4330;
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