Gold Price Analysis in the US Market

The Federal Reserve maintains high interest rates, with rate cut expectations continuously delayed, exerting clear long-term pressure on gold prices.
Middle Eastern geopolitical risk sentiment is gradually cooling down, coupled with the continuous strengthening of the US dollar and outflows from gold ETFs, establishing a bearish market pattern.
Spot gold is briefly driven higher by buying interest, approaching recent highs, but has not been able to break through the large-scale oscillating downward structure, and overall remains in a weak correction trend.
Last night, gold continued its weak oscillation pattern, reaching a high of around 4564 during the session before facing resistance and falling back, with a low of around 4518, then rebounding technically to the 4560-4565 range.
Overall, bearish momentum is dominant, and short-term bullish rebound strength is limited.
On the technical side, the short-term chart shows gold prices in a short-term oscillating downtrend, with resistance at the 4560 level, and limited room for upward breakthroughs; support is at 4510, and a break below would extend the bearish trend.
The overall structure is a consolidation after a rally followed by a pullback.
Trading Suggestions:
1. During the rebound to 4560-4570, enter short positions in batches, with a stop loss above 4590, targeting 4520 and 4510; if broken, hold for 4480.
2. Wait for a pullback to 4500-4480 to stabilize before going long, with a stop loss below 4465, targeting 4530-4550; take profits quickly and avoid holding positions overnight.
3. If it directly breaks below 4500, follow the trend with light short positions, with a stop loss above 4515, targeting 4480-4470.