Unemployment data will be released tonight, hiding trading opportunities in a bullish pattern!

Tonight at 21:30, the initial jobless claims for the week ending December 20 in the United States will be announced, with the market expecting 2.2 million and a previous value of 2.24 million; trading is light on Christmas Eve, and insufficient volume can easily amplify fluctuations, with the overall marginal impact of the data dominating the short-term direction. Three types of expectations correspond to clear response strategies: firstly, if the data is above expectations (≥2.25 million), a cooling job market will boost interest rate cut expectations, the US dollar will weaken, which is directly bullish for gold, allowing for a follow-up to look for short-term highs; secondly, if the data meets expectations (2.18-2.22 million), the interest rate cut theme remains unchanged, and gold prices are likely to maintain a range of 4470-4500, allowing for high selling and low buying; thirdly, if the data is below expectations (≤2.15 million), a strong job market will support the US dollar, putting downward pressure on gold, with a focus on the critical support level of 4430; if this level is broken, it will be a signal to go short.

Under the influence of news, gold shows a roller coaster trend, with strong bullish momentum and continued weakening of bearish forces. Yesterday, after a surge to 4500, gold prices dipped to stabilize at 4430 during the US session, and in the morning it even refreshed the high of 4525, before retracting to around 4470 for consolidation. The overall trend is clearly bullish, and any pullback is a signal of bullish accumulation, with the day's low being a critical dividing line for strength and weakness; if it bounces back to this level before the US session, one can decisively position for long trades. It should be noted that 4500 is a key point for the shift between bullish and bearish, possessing both support and resistance attributes, and the daily moving averages show a perfect bullish arrangement. If the European session breaks this level first, any pullback before the US session will be an excellent opportunity to go long again, allowing one to capture bullish profits.