$XAUT Yingying: The long and short battles in the morning intensify, and gold focuses on breakout ranges in the afternoon

In the early session, gold surged to around 4665 but faced resistance and pulled back, with a low of 4607, currently consolidating around 4614. From the current Bollinger Bands, the price is under the middle band, with overall weak oscillation.

On the news front, the market is mainly driven by the US dollar index, US Treasury yields, and market sentiment. The dollar index is fluctuating at high levels, and US Treasury yields remain relatively strong, putting some pressure on gold prices; at the same time, cautious expectations about the Federal Reserve's future policy path also temporarily weaken the bullish momentum of gold.

Technically, after a dip in the morning, the gold price held above the lower Bollinger Band support, currently oscillating near the middle band. There is no clear unilateral trend in the short term, and the overall state is weak consolidation. Resistance above is gradually moving down, while support below still has some capacity to hold. The afternoon is likely to continue with a sideways trend.

Suggestion: If the pullback reaches around 4605-4585, consider buying; if the pullback is strong, consider buying around 4575-4555; if the market directly rises, buy around 4615, with targets at 4630 and 4650 and above.

Disclaimer: The above content is for market analysis reference only and does not constitute trading advice. The market carries risks; trading should be cautious.