Spot gold short-term trading suggestion: trade within the range, sell on rallies, buy on dips
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(1) Analysis: Gold is supported by the Fed's dovish statements, but the decline in eurozone inflation and uncertainty before US employment data limit its direction. The pullback in the US dollar is driving a rebound, but US Treasury yields remain high, capping the upside. The overall structure is a corrective rebound, with the trend not fully reversed; short-term, consolidation and fluctuations are expected. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation, and US nonfarm payrolls data. (3) Resistance: 4080, 4100, 4150. (4) Support: 4000, 3950, 3920.
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