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

(1) Analysis: Weak US inflation and retail sales data have put pressure on the US dollar and US Treasury yields, providing support to gold. In the short term, the main driver is the further easing of market expectations regarding the Federal Reserve's interest rate hikes, supporting gold prices to move higher. However, there are currently no clear technical breakout signals, so a range-bound upward movement is expected. Awaiting a pressure test is recommended, and continue to monitor whether the US dollar index supports an acceleration in gold prices to the upside. (2) Key focus: US Treasury yields, US dollar index, geopolitical situation. (3) Resistance: 4420, 4460, 4500. (4) Support: 4360, 4300, 4250.