Leng Yijie: 3.13 Gold Evening Oscillation Range Short-term Long, Crude Oil Continue Aggressive Long

Abstain from falsehoods and distortions; adhere to the truth. Hello everyone, I am Leng Yijie. (Add Teacher Leng to provide current trading ideas immediately)

Trading is not about effortless large profits, but about steadily surviving in the gaps and accumulating your own gains. The market is active for over twenty hours a day, but our actual trading time is very limited. Everyone has a different trading system. As long as suitable trading opportunities appear within your system and you seize them to follow the trend and make profits, that is perfect trading.

Students’ capital sizes and trading psychology vary. But regardless of the amount of funds, clients should not disturb their minds with gains or losses after entering a trade, which would impair their ability to follow technical analysis and trading rules. We must keep realistic expectations about the market and profits, as the investment market is very pragmatic. Whether earning a lot or a little, maintain a calm mindset. Especially during the learning phase, do not let market fluctuations disturb your emotions.

Currently, the Middle East conflict continues, but gold prices have not received the expected strong boost. The main reason is that the market fears rising inflation pressures will reduce the Federal Reserve’s rate cut expectations, which directly suppresses non-yielding assets like gold.
Gold continues to fluctuate sideways, with current prices near the lower edge of the range, so it’s possible to try buying on dips.

Gold tonight: buy at 5050-5060, stop loss at 5000, target 5150-5250. If broken below, continue to look for higher levels at 5250; if not broken, expect sideways movement.

Crude oil is slowly oscillating upward during the day, and tonight we will maintain a bullish outlook based on the daily analysis.

This article is provided by financial analyst Leng Yijie.