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2026-02-16 09:25:16
【Short-term trading advice for spot gold: high-level fluctuations, sell on rallies and buy on dips】 (1) Reasons for analysis: US inflation data has declined moderately, and market expectations for interest rate cuts in the middle of the year have increased. The decline in real interest rates provides medium-term support for gold. However, the US dollar index remains high and the US Treasury yield has not yet declined significantly, limiting the short-term upward space of gold prices. After the previous large fluctuations in gold prices from high levels, some funds have entered the profit-taking stage, and the short-term trend shows the characteristics of high-level consolidation. Overall, the fundamentals are still biased towards gold, but before the policy expectations are clear, the price is more likely to digest the gains through fluctuations. Technically, it holds above $5,000 and the trend structure remains unchanged. (2) Key focus: US Treasury yield, US dollar index, geopolitical situation (3) Resistance: 5050, 5080, 5100 (4) Support: 5000, 4980, 4950;
