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

(1) Analysis: The ongoing tensions in the Middle East are providing safe-haven support for gold, but the Federal Reserve's continued hawkish expectations and the high yields on U.S. Treasuries are limiting the upward space for gold prices. The market is waiting for further U.S. economic data to guide the interest rate outlook. Currently, gold remains in a high consolidation phase, with short-term range-bound fluctuations prevailing. Pay close attention to the performance of critical support zones.(2) Key focus: U.S. Treasury yields, U.S. dollar index, geopolitical developments(3) Resistance: 4550, 4580, 4600(4) Support: 4500, 4480, 4450;