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Spot gold short-term trading advice: trending upward with oscillations, consider buying on dips

Spot gold short-term trading advice: trending upward with oscillations, consider buying on dips

智通财经智通财经2026/08/14 02:26
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(1) Analysis reasons: The U.S. July PPI was weaker than expected, causing market expectations for a Federal Reserve rate hike in September to decrease. The U.S. dollar and U.S. Treasury yields are under pressure, providing support for gold. However, after a surge in gold prices, momentum has cooled, and prices are currently in a corrective phase in the short term. The medium-term rebound structure is not over yet. Continue to watch whether the U.S. Dollar Index adjusts further, which could support another upward move in gold prices. (2) Key focus: U.S. Treasury yields, U.S. Dollar Index, geopolitical situation. (3) Resistance: 4350, 4400, 4460. (4) Support: 4300, 4250, 4200.
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