8.20 Dahuang’s evening outlook

At 20:30 tonight, the United States will release its Initial Jobless Claims data. This weekly leading indicator helps gauge the hot-and-cold state of the U.S. job market. It will directly affect expectations for Fed policy, and in turn cause volatility in gold’s short-term moves, so everyone should manage your positions reasonably.

If evening news is unfavorable, the first support level below is 4450, and then 4430 is a very important short-term checkpoint. If it breaks below these, it may continue downward toward 4400.

If good news drives the price higher in the short term during the evening and breaks above the first resistance level at 4490–4510, the strong resistance levels are 4530–4560.