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2025-11-03 10:21:05
【Short-term trading advice for spot gold: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: Federal Reserve officials opposed a December rate cut, market expectations for a rate cut cooled down, the strengthening of the US dollar index suppressed gold prices, but the US government shutdown still brought some uncertainty. In terms of geopolitics, the easing of global trade sentiment and the easing of the Russia-Ukraine conflict have weakened the safe-haven demand for gold, but the situation in the Middle East still has a certain supporting effect. In addition, the central bank's net purchase of gold in the first three quarters of 2025 reached 902 tons, providing long-term support for gold. From a technical point of view, it is still in the overbought correction in the short term, and before the adjustment is over, the possibility of further decline cannot be ruled out. (2) Key focus: safe-haven sentiment, US dollar index, US Treasury yield, (3) Resistance: 4000, 4030, 4060 (4) Support: 3980, 3950, 3920;
