Spot gold short-term trading advice: range trading, buy on dips, sell on rallies

(1) Analysis: The US Dollar Index and US Treasury yields remain strong, limiting the rebound space for gold prices. The uncertainty of geopolitical situations has further weakened the support for gold prices, and in the short term, gold is once again at the lower edge of the range. The market is currently waiting for US PCE data to determine the direction of the Federal Reserve’s policy. In the short term, gold maintains a range-bound pattern, with the technical structure showing a possibility of downward breakout. Waiting for directional choice.(2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation, US PCE price index(3) Resistance: 4450, 4480, 4500(4) Support: 4400, 4380, 4350