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2025-10-31 10:19:50
【Short-term trading advice for spot gold: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: Although trade sentiment has eased and the US dollar index has rebounded, it has not accelerated the decline of gold prices. This is mainly because the Fed’s interest rate cut has been implemented as expected, and the possibility of another interest rate cut this year cannot be ruled out, which supports the bullish gold price. At the same time, the technical level has not broken the upward trend line. In the short term, it will maintain range-bound trading and wait for the indicators to correct. (2) Key focus: risk aversion, US dollar index, US Treasury yield, (3) Resistance: 4030, 4050, 4080 (4) Support: 4000, 3980, 3950;
