Recently, gold's trend has been quite interesting. I observed the market and found that there are still opportunities in the short term. Oil prices have been rising continuously, which has boosted inflation expectations, leading to a cooling of the market’s bearish sentiment on the Federal Reserve rate cuts. U.S. Treasury yields are also stuck at high levels, which puts some pressure on gold. However, geopolitical tensions remain, and the demand for safe-haven assets persists, so the downside space for gold is limited. From a technical perspective, after a high-level correction, gold is now entering a consolidation phase, and maintaining a range-bound approach in the short term seems more prudent. Recently, the main focus should be on U.S. Treasury yields, the US dollar index, and geopolitical developments, as these three variables will directly influence gold’s direction. Resistance levels are around 4850, 4880, and 4900, while support levels are at 4800, 4750, and 4700. There should still be opportunities to buy on dips, but it’s important to control the pace.