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

(1) Analysis rationale: Spot gold remains near 4,530 USD. The weakening US dollar and the long-term US Treasury buyback plan, which suppresses yields, provide support for gold. Market expectations for further rate hikes by the Federal Reserve remain the main limiting factor. Technically, gold remains relatively strong, but as the price approaches previous highs, be cautious of a potential pullback if upward momentum weakens. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situations. (3) Resistance: 4,550, 4,600, 4,650. (4) Support: 4,500, 4,460, 4,420.