The US-Iran situation has eased again, especially with new progress in negotiations with Oman regarding the Strait of Hormuz. Following this news, US crude oil prices fell, and gold prices rose in response to reduced inflationary pressures.

Currently, gold is showing a slight upward trend amidst news-driven fluctuations. The recommended strategy is to buy on dips, with short-term support in the 4085-4100 range. However, due to limited data releases at the beginning of this week, the possibility of a significant one-sided move is low. There's no need to be overly concerned about rebounds; rebounds will actually provide more opportunities to short. The 4-hour chart shows strong resistance in the 4035-4050 area.

Gold is currently highly dependent on news and this week's numerous data releases, making it unsuitable for medium- to long-term trading. Sustained upward or downward trends are difficult to predict. We need to flexibly adjust our trading strategies, accurately grasping entry points based on support and resistance levels to capture profits from price fluctuations. In summary, the market is expected to trade within a range in the short term. Trading should focus on key support and resistance levels, buying low and selling high. Avoid blindly chasing highs and lows, maintain a light position, strictly set stop-loss orders, and patiently wait for subsequent economic data to break out of the current trading range.