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Spot gold short-term trading advice: consolidating and trending upward, buy on dips

Spot gold short-term trading advice: consolidating and trending upward, buy on dips

智通财经智通财经2026/08/11 02:26
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(1) Analysis Reason: After consecutive gains, gold remains above $4,400, with weak U.S. employment data reducing rate hike expectations and safe-haven demand supporting prices. However, rising oil prices fuel inflation concerns, and rebounds in the U.S. dollar and Treasury yields limit the upside. Stay focused on guidance from U.S. CPI and PPI figures; technically, the structure still leans toward choppy upward movement. (2) Key Focus: U.S. Treasury yields, U.S. Dollar Index, geopolitical developments, U.S. CPI data. (3) Resistance: 4,480, 4,520, 4,600. (4) Support: 4,400, 4,340, 4,300.
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