Spot gold: range-bound consolidation, sell on rallies, buy on dips
智通财经2026/10/08 02:11(1) Analysis: The strengthening US dollar and high US Treasury yields continue to weigh on gold, causing gold prices to decline consecutively and hit a two-month low. Expectations for a Fed rate hike in October have cooled, but there is still anticipation of policy tightening in December. The short-term technical structure suggests mainly consolidation, with the possibility of retesting previous lows. If support is found near $4070, a technical rebound may emerge. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation (3) Resistance: 4180, 4200, 4250 (4) Support: 4100, 4070, 4000
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