Spot gold short-term trading suggestion: fluctuating downward, sell on rallies

(1) Analysis: The Federal Reserve's hawkish stance has fueled market expectations of interest rate hikes, with U.S. Treasury yields and the Dollar Index remaining at high levels, continuously suppressing gold performance. As the situation in the Middle East eases, demand for safe havens has cooled, and after the gold price fell below the critical $4,000 threshold, bears have the upper hand. However, with the upcoming release of U.S. PCE data, market caution is rising, and in the short term, attention should be paid to the performance of the lower support area.(2) Key Focus: U.S. Treasury yields, Dollar Index, geopolitical situation(3) Resistance: 4,000; 4,050; 4,100(4) Support: 3,950; 3,900; 3,880;