Spot gold short-term trading suggestion: trade within the range, buy on dips, and sell on rallies

(1) Analysis: The dovish statements from the Federal Reserve have reduced expectations of rate hikes, providing support for gold prices, but the marginal weakening of geopolitical risk sentiment is reducing upward momentum. Meanwhile, the continued strength of the US dollar is limiting the room for rebound. Technically, there are signs of stagnation at high levels, which indicates a short-term need for a pullback. Overall, the trend is expected to be weak and volatile. (2) Key points to watch: US Treasury yields, US Dollar Index, geopolitical situation (3) Resistance levels: 4620, 4650, 4700 (4) Support levels: 4550, 4520, 4500;