Leng Yijie: Gold fluctuates around 2.20, looking for a close; crude oil short-term bullish success, aiming higher

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Zero Tolerance for Deception, Truthfulness as the Standard. Hello everyone, I am Leng Yijie. (Add Teacher Leng to provide current trading ideas immediately)

As a teacher who has been in the market for nearly 13 years and is still continuously learning, I see through many things and can understand everyone’s situation. The endless posts, repeated and unoriginal, make it even harder for you to choose a teacher when investing in gold. Especially for those who have suffered significant losses or are new to gold investment, if your friends say this industry can make a lot of money, please do not believe it. To me, gold is an art; it is a long-term, steady-profit investment industry. Please be cautious when you are not very familiar with it! Because it can carry your boat or capsize it! It might be a hot potato that damages your spirit and material wealth, or it could be the fuse that destroys your family. What Leng Yijie wants to emphasize most is that family comes first, work second, and investment third!

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Gold continues to rebound within the C-wave correction. The daily chart shows a long bullish candle. Overall, it is still fluctuating. But the trend remains bullish. The 1-hour Bollinger Bands are tightening, indicating the market is consolidating and waiting for a direction choice. After short-term consolidation, an upward breakout is expected. We maintain a short-term bullish outlook.

Gold: 【1】Buy near 4960-4970, stop at 4950, target 5020-5140, with a breakout to medium-term bullish.
【2】Pay attention to the 5140 watershed; if it does not break, the correction and consolidation will continue.

Crude oil yesterday’s buy at 62.5-63.0 played out perfectly. This week, the emphasis is on retracement and re-entry, continuously following the short-term bullish idea, and it paid off as expected! Currently, the trend is forming a secondary oscillation rhythm at the upper range of the interval, with limited downward momentum. The trend remains bullish. Focus on the strength of the oscillating upward movement. The medium-term objective trend remains bullish. Maintain a bullish outlook for the day.

Crude oil: 【1】Hold long positions at 62.0-63.0, aiming to see 66.0-68.0.
【2】Near 65, continue to buy and aim for around 68.0.

This article is provided by financial analyst Leng Yijie.

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