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

(1) Analysis rationale: The U.S. Treasury Department expanded the scale of long-term U.S. Treasury buybacks, prompting Treasury yields to retreat and suppressing the U.S. dollar, with gold quickly rising to around $4,500. The Federal Reserve meeting minutes still carry hawkish risks, but the market's concerns over declining real interest rates and stagflation are increasing, further boosting safe-haven demand for gold. Currently, technical indicators show bullish acceleration, but structurally, there remains the possibility of repeated fluctuations; the overall trend is mainly oscillating upwards.(2) Key focus: U.S. Treasury yields, U.S. dollar index, geopolitical situation.(3) Resistance: 4520, 4560, 4600(4) Support: 4450, 4400, 4350.