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 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 profit in line with the trend, that is a perfect trade.

Students’ capital amounts vary in trading, and so does trading psychology. But regardless of the size of the funds, clients should not disturb their minds with greed or fear 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, because the investment market is very pragmatic. Whether earning a lot or a little, maintain a calm mindset, especially during the learning phase, and do not let market fluctuations disturb your emotions.

The conflict in the Middle East continues, but gold prices have not received the expected strong boost. The main reason is that the market fears rising inflation pressures will cool down the Fed’s rate cut expectations, which directly suppresses non-yielding assets like gold. Currently, gold remains volatile within a range, with prices near the lower boundary of the range, so consider 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 beyond 5250; if not, expect sideways movement.

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

This article is provided by financial analyst Leng Yijie.