Spot gold short-term trading suggestion: trending downward and selling on rallies

(1) Analysis rationale: Strong U.S. employment data has heightened expectations of a Federal Reserve rate hike. U.S. Treasury yields and the U.S. Dollar Index remain at high levels, putting pressure on gold. Meanwhile, easing geopolitical tensions in the Middle East have weakened demand for safe-haven assets, causing gold prices to remain under pressure. However, market sentiment is cautious ahead of the release of important inflation data, and gold may maintain a slightly weak and volatile short-term trend. (2) Key focus: U.S. Treasury yields, U.S. Dollar Index, geopolitical developments. (3) Resistance: 4350, 4380, 4420. (4) Support: 4300, 4280, 4250.