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

(1) Analysis: Ongoing tensions in the Middle East continue to support safe-haven demand, keeping gold prices at high levels. At the same time, expectations of rising US inflation and the possibility of interest rates remaining high are putting some pressure on gold prices, increasing short-term volatility. Overall, under the dual influence of safe-haven demand and the US dollar trend, gold is expected to maintain a high-level oscillation pattern. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation, US CPI data. (3) Resistance: 5200, 5250, 5300. (4) Support: 5150, 5100, 5050;