Spot gold short-term trading suggestion: trending upward, buy on dips

（1）Analysis Reason: Currently, gold is supported by the temporary weakening of the US dollar and the rise in policy uncertainty. The repeated changes in US tariff policies have increased market demand for safe-haven assets, while US Treasury yields have retreated from their highs, reducing the attractiveness of holding US dollar assets and providing support for the non-interest-bearing asset gold. From a technical perspective, gold prices are still operating within the medium-term upward channel, and the extent of pullbacks is limited, indicating that the bullish structure has not been damaged. Before the release of US initial jobless claims data, the market remains cautious. Considering the strong support below the gold price, the overall outlook remains for a volatile upward trend.（2）Key Focus: US Treasury yields, US Dollar Index, geopolitical situation, US initial jobless claims（3）Resistance: 5200, 5250, 5300（4）Support: 5150, 5100, 5050;