The release of the ADP Non-Farm Employment Change report often serves as a key turning point in the gold market. Grasping the window of data release usually means capturing short-term trading opportunities. The core logic is: as an important indicator of employment conditions in the US private sector, the performance of the ADP report directly influences market expectations for the Federal Reserve's monetary policy. If the data is strong, it suggests an active US labor market, which may reinforce expectations of interest rate hikes or maintaining high rates by the Fed, thereby boosting the US dollar and exerting pressure on gold priced in dollars; conversely, if the data is weak, it will trigger concerns about economic slowdown and increase expectations of future rate cuts by the Fed, weakening the dollar's attractiveness and providing momentum for gold to rise.

It is worth noting that the market's reaction size depends not only on the absolute value of the data but also on its deviation from market expectations. Therefore, around the data release, gold prices often experience significant volatility, providing investors with clear short-term trading windows. Traders should combine technical analysis and overall market sentiment to respond flexibly.