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2026-02-17 09:04:12
【Short-term trading advice for spot gold: high-level fluctuations, sell on rallies and buy on dips】 (1) Reasons for analysis: Gold fell below $5,000 again due to insufficient liquidity caused by the US holiday and Chinese New Year, putting short-term pressure on prices. Although on the fundamental side, mild inflation data continues to support market expectations for Fed rate cuts, as CPI is about 2.4% and prompts a decline in real yields, which is a medium-term positive for gold, the short-term rebound of the US dollar and stable yields limit the rapid breakthrough of gold. The latest market analysis shows that as long as the prospect of substantial rate cuts remains the focus of the market, the fundamentals of gold are still bullish, but in the short term, after breaking through important support, it has entered a range-bound fluctuation, waiting for correction, and paying attention to the guidance of US economic data this week. (2) Key focus: US Treasury yields, US dollar index, geopolitical situation (3) Resistance: 5,000, 5,030, 5,060 (4) Support: 4,930, 4,900, 4,880;
