Leng Yijie: 3.5 Gold watch for the second stabilization to go long, crude oil targets the 79 level

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Life and trading are interconnected. We cannot control market trends, but we can control our own trades. When the market fluctuates, you can choose not to act, but once you decide to enter, you must consider all possible scenarios. View every profit and loss calmly, and you’ll find trading isn’t as exhausting as it seems. Whether you choose to work with me or not is irrelevant, but you must take responsibility for your own wrong decisions! The forex market is a long-term, steady profit industry. Please be cautious when you’re not fully informed, as it can either carry you to success or cause your downfall. It can be a hot potato that damages your mental and material well-being, or a fuse that destroys your family. Yijie wants to emphasize that family comes first, work second, and investment third!

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Gold long position of over 5030 is still held! Yesterday, the market showed signs of recovery. From the overall trend, the bullish side is expected to continue upward correction, with a target around 5250. If it breaks above this level, it will continue to rise; otherwise, it will consolidate and fluctuate. Short-term, watch out for possible repeated attempts to push higher followed by pullbacks.

Gold: 【1】You can place a break below 5250 to look for a target of 5300-5500. Default to support.

【2】The long position at 5030 from Tuesday is still held! If 5250 stabilizes again, consider adding more longs for further upward movement.

【3】If 5250 does not stabilize, consider short-term oscillation around that level.

Crude oil has been oscillating at high levels for two trading days, with an overall upward trend. Oil prices repeatedly cross the moving average system, and in the short term, they are still consolidating and gaining strength. I have emphasized all week that pullbacks are opportunities to buy; actively adding longs on dips has paid off as expected! Yesterday, a pullback near 73.0 was followed by continued buying. Currently, prices are rising again, with potential targets around 79.0.

Crude Oil: 【1】Continue to hold longs toward 79.0.

This article is provided by financial analyst Leng Yijie.