Key market focuses this week: U.S. employment data, PMI data, Fed speeches, and liquidity changes ahead of the U.S. holiday.

The most important time points this week are from Wednesday evening to Thursday evening.
Wednesday focuses on ADP employment, ISM Manufacturing PMI, and related Fed speeches; Thursday focuses on U.S. nonfarm payrolls, unemployment rate, and wage data.
For gold, the core focus is on two points:
The U.S. dollar and U.S. Treasury yields. If employment data is strong and the dollar strengthens, gold may come under pressure; if data weakens and rate cut expectations rise, gold may gain support.
For stocks, the key is whether the market is trading on "rate cut expectations" or worrying about "economic slowdown."
If data weakens moderately, it could be positive for stocks; but if data deteriorates significantly, it may easily trigger risk aversion.
Additionally, due to the Independence Day holiday in the U.S. this week, liquidity may decline in the latter part of the week, and the market is prone to false breakouts and sharp up-and-down swings.
Operation suggestion: try to control positions before major data releases, do not blindly chase trades, and wait for the direction to be confirmed before entering.
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