Spot gold short-term trading recommendations: range-bound fluctuation, sell on rallies, buy on dips
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(1) Analysis: The easing of US-Iran tensions has weakened safe-haven demand, but the decline in the US dollar and US Treasury yields, along with lowered expectations of further Federal Reserve rate hikes, provide some support for gold. Gold is currently still in a technical correction phase, with the daily chart remaining in a weak structure. Before breaking through key resistance, gold is expected to mainly fluctuate and consolidate in the short term. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation (3) Resistance: 4350, 4380, 4400 (4) Support: 4300, 4260, 4200;
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