Spot gold intraday trading advice: oscillating upward, buy the dips
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(1) Analysis: The Federal Reserve has kept interest rates unchanged but signaled a possible rate hike later this year. The rebound in the US Dollar Index and US Treasury yields is putting pressure on gold. Meanwhile, the easing of tensions in the Middle East has reduced safe-haven demand, causing market expectations for a December rate hike to heat up significantly. However, after a consecutive decline, gold is now approaching an important support area. In the short term, attention should be paid to whether low-level buying can trigger a technical rebound. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation, US initial jobless claims data (3) Resistance: 4350, 4380, 4400 (4) Support: 4300, 4260, 4200;
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