Christopher Lewis, a market analyst at FX Empire, believes that if gold'>gold'>gold'>gold and silver'>silver'>silver'>silver prices fall after tomorrow's non farm payroll report is released, traders should see it as a buying opportunity.

Christopher Lewis pointed out that Friday's non farm payroll report will have a significant impact on the trend of gold'>gold'>gold'>gold prices. "That's why, to be frank, I hope there will be a significant price correction. I believe that this upward trend will continue in the foreseeable future, and there are too many factors that are favorable to gold'>gold'>gold'>gold."

Christopher Lewis said, "The first, of course, is that major central banks such as Russia, China, and India, as well as many other central banks, are buying gold'>gold'>gold'>gold. Western countries, especially the United States, are borrowing heavily, which will ultimately devalue the US dollar. Therefore, in the long run, this will indeed drive up gold'>gold'>gold'>gold prices. Of course, there are also many geopolitical risks."

He added, "To be frank, the fourth reason is that we are in an upward trend.".

Christopher Lewis said that the gold'>gold'>gold'>gold market has been "eliminating some foam" for several months, but he believed that "the price will eventually seek to reach the level of $2400, and then may break through this level."

At this point in time Christopher Lewis said, "In my opinion, a pullback to the 50 day moving average or lower, at the $2300 level, would be an excellent entry point. At this point in time, I am not interested in short selling gold'>gold'>gold'>gold, even if it falls below $2300, I just hope to buy at a lower price."

Speaking of silver'>silver'>silver'>silver, it fluctuated up and down in Thursday trading, but due to the low liquidity during the US holiday, he did not interpret this trend too much. Christopher Lewis said he will closely monitor the performance of silver'>silver'>silver'>silver after the release of non farm payroll data, and like gold'>gold'>gold'>gold, he hopes that silver'>silver'>silver'>silver will experience a correction.

He said, "Silver prices may fall from their current levels, but I believe this will ultimately be a buying opportunity. The $30 level will be the first support level, but below that level is the 50 day moving average, close to $29.25."

Christopher Lewis said, "It remains to be seen whether silver'>silver'>silver'>silver prices will continue to decline, but I do believe that the current situation is that the US dollar and its response to employment data will be crucial. If employment data is better than expected, it may strengthen the US dollar, which could have a good impact on silver'>silver'>silver'>silver, at least temporarily. But Wall Street is quite confident, especially after yesterday's Jerome Powell press conference, that interest rate cuts are imminent, so they will continue to try to push up commodity prices.".

Lewis stated that it is important to recognize that the US dollar will largely determine the recent trend of silver'>silver'>silver'>silver prices.

He said, "Apart from being priced in US dollars, I don't think there's anything magical about this market. So, we can only wait and see. If the silver'>silver'>silver'>silver price turns around and falls below $28.50, then the market may really start to reverse. I don't think this will happen on Friday. In the coming weeks, we are more likely to see the price of $32 challenged rather than collapsing like this."