Core Viewpoint - The strong performance of the US dollar is suppressing gold prices, with the market awaiting the impact of non-farm payroll data [1][3][4] Group 1: Market Data and Trends - Recent data including ADP, unemployment claims, and PCE have been favorable for the dollar and unfavorable for gold, contributing to the dollar's significant rise this year, nearing the 100 mark [3][4] - Gold and silver have been under pressure, failing to establish a strong upward trend despite attempts at rebounds [3][4] - The upcoming non-farm payroll data is expected to influence the relationship between the dollar and gold, with a focus on whether a negative correlation will emerge [3][5] Group 2: Technical Analysis - Gold is currently in a weak consolidation phase, with key resistance levels at 3315 and 3345, and support levels at 3280 and 3260 [4][5] - The market anticipates a range-bound movement for gold before the non-farm data release, with a trading range set between 3280 and 3315 [5] - The previous non-farm payroll figure was 147,000, with a forecast of 110,000, suggesting that if actual data aligns closely with predictions, the impact on gold may be limited [5] Group 3: Domestic Market Insights - Domestic gold prices have shown a continuation of weak trends, with recent fluctuations failing to establish a clear upward trajectory [5] - The Shanghai gold contract is currently trading around 772, with a medium-term bullish outlook targeting 790 [5] - The silver market is also under pressure, with a critical support level at 36, and potential for a rebound if this level holds [6] Group 4: Oil Market Overview - International crude oil has successfully risen to 70, with previous long positions yielding significant profits [6] - The overall bullish trend in oil remains intact, with potential upward targets set at 72 or higher [6] - Domestic fuel oil has shown an upward trend, with a focus on maintaining positions above 3000 [7]

Core Insights - The article discusses the intensified competition between bulls and bears in the gold market, driven by weak ADP data and the anticipation of non-farm payroll data impacting market sentiment [1] Group 1 - The ADP data released indicates a slowdown in job growth, which may influence investor sentiment towards gold [1] - The upcoming non-farm payroll data is expected to be a significant market mover, with potential implications for gold prices [1] - The article suggests that the future performance of gold will be closely tied to these economic indicators and market reactions [1]

Group 1 - The core point of the article highlights an unexpected decrease in ADP private employment numbers for June, with a reduction of 33,000 jobs, significantly below the expected increase of 95,000, marking the first contraction in employment since March 2023 [1][3] - The weak labor market signals that even with tariff adjustments by the Trump administration, there has been no improvement in employment conditions [1] - Following the ADP report, some economists may lower their expectations for the upcoming employment report, and traders have increased bets on at least two interest rate cuts by the Federal Reserve before the end of 2025 [3] Group 2 - The likelihood of a rate cut in July has risen from approximately 20% to 27.4% after the ADP data release [3] - The ADP data, while not a perfect predictor, has shown over 70% consistency with the direction of monthly fluctuations in non-farm payrolls for 2024-2025, indicating potential downside risks for the upcoming non-farm data [3] - If the non-farm employment numbers fall below 150,000, it could strengthen expectations for a rate cut in September, which would be favorable for international gold prices [3] Group 3 - International gold prices have shown a rebound after three consecutive trading days, surpassing the critical level of $3,308 per ounce, indicating a bullish sentiment in the market [3] - Key resistance levels for gold are noted at $3,360 per ounce, with a breakthrough potentially moving resistance to $3,446 per ounce, while support remains at $3,308 per ounce [3] - The market strategist suggests that the ADP data reinforces expectations of a cooling job market, but actual non-farm data may exceed expectations, leading to volatile market reactions [3]

Group 1 - The article highlights the live broadcast by a trading academy discussing the recent ADP data release and its implications for the gold market [1] - It mentions that the momentum for gold has been relatively weak despite the recent price movements [1] - The article invites viewers to join the live session for insights on how to interpret the market trends during the US trading hours [1]

Core Viewpoint - The article discusses the ongoing fluctuations in the gold market during the European trading session and highlights the anticipation surrounding the upcoming ADP data release, which may lead to a market breakthrough [1] Group 1 - The gold market is experiencing continued volatility, indicating uncertainty among investors [1] - The release of ADP data is expected to be a significant event that could influence market movements [1]

Group 1 - The core viewpoint of the articles highlights the rising value of gold due to a weakening dollar, increasing uncertainty around U.S. trade agreements, and heightened expectations for interest rate cuts by the Federal Reserve [1][3] - Gold prices reached a three-day high of 3357.88, driven by global economic uncertainties and the market's anticipation of at least two rate cuts by 2025 [1] - The upcoming U.S. employment report is expected to influence U.S. Treasury yields, with potential implications for gold prices [1] Group 2 - Technical analysis indicates a bullish short-term trend for gold, with MACD showing a bottom divergence and prices moving above previous resistance levels [3] - The suggested trading strategy includes buying gold on dips around the 3330-3335 range, with a stop loss at 3327 and a target of 3350-3360 [4] - Market participants are advised to monitor geopolitical risks that may drive safe-haven demand for gold [3]

Core Insights - The article discusses the impact of ADP data on gold prices and the potential for bullish trends in the market [1] - It highlights the clear resistance levels for the US dollar and emphasizes the importance of monitoring specific positions in non-US currencies [1] Group 1 - The ADP data release is expected to influence short-term trading opportunities in gold [1] - There is a focus on whether bullish momentum can continue in the gold market [1] - The article suggests that traders should pay attention to the defined resistance levels of the US dollar [1] Group 2 - Non-US currencies are highlighted as key areas for observation, with specific positions being crucial for analysis [1]

Core Viewpoint - Gold prices have stabilized and are showing clear support, raising questions about the next target for bullish investors as they await the upcoming ADP data which may influence gold's ability to break through resistance levels [1] Group 1 - Gold has shown signs of recovery and stability, indicating a potential upward trend in the market [1] - The upcoming ADP data release is anticipated to play a significant role in determining gold's movement and whether it can surpass current resistance levels [1]

Group 1 - The article highlights the release of final services PMI data from multiple European and American countries, which is crucial for assessing economic health [1] - The US ADP employment data is set to be published, providing insights into the labor market and potential economic trends [1] - The Bank of Canada is scheduled to announce its interest rate decision, which could impact monetary policy and market expectations [1]