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Spot gold short-term trading recommendation: range-bound fluctuations, sell on rallies, buy on dips

Spot gold short-term trading recommendation: range-bound fluctuations, sell on rallies, buy on dips

汇通财经汇通财经2026/07/08 02:19
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(1) Analysis: The gold price has fallen back to around $4,100, with short-term pressure from a stronger US dollar and profit-taking. However, weak US employment data has reduced expectations for interest rate hikes, and ongoing geopolitical risks are supporting safe-haven demand. As a result, gold prices are generally maintaining a range-bound pattern. Pay attention to the Federal Reserve minutes and US dollar trends.(2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation(3) Resistance: 4,150; 4,180; 4,200(4) Support: 4,080; 4,050; 4,000
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