Tonight's first non-farm report in 26 years will have a significant impact on gold investments. Additionally, CME has recently increased margin requirements for precious metals for the third time. The non-farm payrolls are unlikely to be far below expectations, and a surprise rate cut in January is highly unlikely. Therefore, I believe gold will undergo a correction in the near term. Players who bought XAUTD are advised to reduce their positions and do some short-term trading before re-entering for low buys. The bullish trend for gold still remains. As for BTC, I personally expect a pullback, as there are no catalysts or positive news to support a rally.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Tonight's first non-farm report in 26 years will have a significant impact on gold investments. Additionally, CME has recently increased margin requirements for precious metals for the third time. The non-farm payrolls are unlikely to be far below expectations, and a surprise rate cut in January is highly unlikely. Therefore, I believe gold will undergo a correction in the near term. Players who bought XAUTD are advised to reduce their positions and do some short-term trading before re-entering for low buys. The bullish trend for gold still remains. As for BTC, I personally expect a pullback, as there are no catalysts or positive news to support a rally.