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

(1) Analysis: Spot gold remains in a range-bound consolidation. Oil price declines have reduced inflationary pressure, but geopolitical risks continue to support safe-haven buying. The US Dollar Index trend, US Treasury yields, and Federal Reserve interest rate expectations remain the core factors influencing gold prices. Technically, gold’s short-term rebound momentum has strengthened, but it may experience some consolidation or adjustment after approaching the resistance zone. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation. (3) Resistance: 4120, 4150, 4200. (4) Support: 4050, 4020, 4000.