Spot gold short-term trading suggestion: Stay on the sidelines; aggressive traders may consider cautious short-selling on rallies.

1. Analysis: On Monday, U.S. President Trump stated that negotiations between the U.S. and Iran are underway and called this Tehran's "last chance." However, Iran denied that any talks are scheduled. This week will also see the release of the U.S. non-farm payroll report, leading to a cautious market sentiment. Given that the Middle East situation is unlikely to improve quickly in the short term and expectations of further Fed rate hikes persist, gold prices are likely to remain under pressure. 2. Focus: News related to the Middle East situation, U.S. June factory orders month-on-month, U.S. June JOLTs job openings.3. Resistance: 4071; 4087; 4100;4. Support: 4040; 4020; 4000