Tonight's US market gold and silver prices have two main highlights. Trump's speech content is very critical—if it signals geopolitical conflicts or trade policy safe-haven cues, gold buying will significantly increase; at the same time, don't ignore the initial jobless claims data, with an expected value of 215,000. If it exceeds this number, it can strengthen market expectations for rate cuts, pushing gold prices higher; conversely, if the data falls short of expectations, it will exert downward pressure.

From a technical perspective, gold is currently oscillating at high levels. The 4650 level is a key resistance, with the 4570-4580 range forming a core support zone.

How to operate specifically? There are three scenarios:

First, before the data and speech are released, you can lightly go long within the 4610-4620 range, with a stop loss at 4580, targeting 4640-4650.

Second, if 4650 cannot hold the pressure, you can lightly short at 4645-4650, with a stop loss at 4660, aiming to revisit 4620-4610.

Finally, after the data or speech is released and the market breaks through these key levels, follow the trend—if it breaks above 4650, go long toward 4670; if it breaks below 4570, go short toward 4550. Overall, let the data and speech guide the direction, with key technical levels serving as your basis for operation.