Spot gold short-term trading advice: high-level consolidation, sell on rallies, buy on dips

（1）Analysis Reason: After gold retreated from its highs, it failed to return to the key resistance zone. Strong employment data has weakened expectations for a short-term rate cut, suppressing bullish sentiment. Although safe-haven buying persists, high U.S. Treasury yields are limiting the rebound. Technically, after breaking below the short-term trendline, gold has entered a correction phase with limited rebound strength, showing a structurally weak and volatile pattern. If the CPI unexpectedly weakens, it may bring a short-term correction, but the overall pace will still be dominated by the interest rate path. （2）Key Focus: U.S. Treasury yields, U.S. Dollar Index, geopolitical situation, U.S. CPI data （3）Resistance: 4980, 5000, 5020 （4）Support: 4950, 4920, 4900;