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2026-07-16 10:12:12
【Short-term trading advice for spot gold: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: The US PPI was lower than expected, and the market further lowered the probability of the Fed raising interest rates in July. The decline in the US dollar and US Treasury yields provided support for gold. However, the Middle East situation pushed up oil prices, which may cause inflation expectations to rise and limit the expectation of easing. Gold prices are expected to maintain a range-bound pattern in the short term. Pay attention to the breakout situation near US$4060. (2) Key focus: US Treasury yields, US dollar index, geopolitical situation (3) Resistance: 4060, 4080, 4100 (4) Support: 4020, 4000, 3980;
