Spot gold short-term trading suggestion: range-bound oscillation, sell on rallies, buy on dips

(1) Analysis: The price of gold has retreated to around $4,050, mainly due to a strengthening US dollar and easing risk aversion sentiment. However, the Federal Reserve's policy trajectory remains uncertain, and expectations for rate cuts as well as global risk factors continue to support gold prices. In the short term, pay attention to changes in the US Dollar Index, US Treasury yields, and developments in geopolitical situations. Gold is expected to remain in a range-bound movement. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situations, Federal Reserve interest rate decision (3) Resistance: 4,080; 4,100; 4,150 (4) Support: 4,020; 4,000; 3,980;