Leng Yijie: 3.22 Gold Weekly Initial View on Downside Space; Crude Oil Remains Bullish on Dips

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

**Whether you choose to cooperate with me or not is your own decision, but you must take responsibility for your wrong choices! The forex market is a long-term, stable profit investment industry. Please be cautious when you are not very familiar with it! Because it can carry you to success or cause your downfall! It might be a hot potato that destroys your spirit and material wealth, or it could be the fuse that damages your family. Yijie wants to emphasize that family comes first, work second, and investment third! Heavy positions, holding trades, locking positions. No matter the situation, as long as there are major losses, it all boils down to these three points. Over the years in this industry, these are the fatal flaws for all investors. I personally recommend setting stop-losses on every trade; don’t let one careless mistake lead to total loss.

From my experience over the years—whether with colleagues or students, whether sharing your story or mine—what matters most is whether you can learn and be inspired by what I’ve shared, and whether it helps you. Let’s motivate each other. To make long-term profits in trading, you must have a mature trading system. Constantly trading all day long is just “order brushing,” which only keeps you anxious and doesn’t make money. It’s pointless and unproductive! I recommend mainly swing trading!**

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Next week’s gold trend analysis: The gold daily chart shows a large downward candle closing lower. The consecutive declines on the daily chart have caused the short-term moving averages to turn downward. In the short term, the bullish trend has broken the rhythm point. On the 4-hour chart, it is operating within a downward channel. The highs are moving lower, forming a downtrend resistance line, with resistance around 4800-4850. It’s best to observe at the beginning of the week. I personally believe that bottom-fishing needs to wait for opportunities. Be cautious of a second deep decline.

Next week’s crude oil trend analysis: Crude oil has also been volatile and adjusting this week, but I have emphasized the retracement and buy-in strategy throughout. Currently, it is again moving upward in a volatile manner. The close is at a high level, showing signs of gaining strength. The short-term trend is oscillating at higher levels supported by the oil price, with strong bullish momentum. Maintain a bullish, long, and active stance in the medium term. At the start of the week, stay above 94.0 and aim for 100-120.**

This article is provided by financial analyst Leng Yijie.