Spot gold short-term trading suggestion: trending upward, buy on dips

(1) Analysis: Rising oil prices are pushing up inflation expectations, leading the market to scale back bets on a Federal Reserve rate cut. Meanwhile, US Treasury yields remain high, which suppresses gold performance. Geopolitical tensions still provide some safe-haven support, limiting downside risks. From a technical perspective, after a high-level pullback, the market has entered a consolidation phase, and a short-term range-bound approach is recommended.(2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation(3) Resistance: 4,850; 4,880; 4,900(4) Support: 4,800; 4,750; 4,700;