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

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

汇通财经汇通财经2026/04/21 02:11
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(1) Analysis: Geopolitical risks support safe-haven demand, but rising oil prices are pushing up inflation expectations, weakening the room for rate cuts and putting pressure on gold prices. The US dollar and US Treasury yields remain relatively strong, limiting the upside potential. Technically, gold prices are consolidating at high levels, momentum is slowing, and short-term bullish and bearish competition is intensifying, maintaining a range-bound pattern.(2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation(3) Resistance: 4820, 4850, 4880(4) Support: 4760, 4730, 4700;
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