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

(1) Analysis: The strengthening of the US Dollar Index and the rise in US Treasury yields reinforce expectations of "higher interest rates for longer," increasing the opportunity cost of holding gold and suppressing gold prices. Although geopolitical risks still offer some safe-haven support, overall capital is more inclined toward US dollar assets. Technically, after retreating from a high, gold has entered a correction phase and is expected to fluctuate weakly in the short term.(2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation(3) Resistance: 4820, 4850, 4880(4) Support: 4760, 4730, 4700;