Leng Yijie: During the beginning of the 2.8 Golden Week, observe the rebound strength and follow up. Oil undergoes a second round of additional buying.

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Gold Weekly Trend Analysis: After another decline, gold enters a recovery phase again. From the daily chart, it may re-enter the previous vacuum zone. Due to the 4-hour cycle meeting both time and price criteria, a rebound on the left side is likely, potentially restarting. From the wave perspective, the current phase is the B wave starting from the 4400 level on the downside, with C wave upward attempt possible. On the daily level, it is in a consolidation period preparing for a new driving wave. Early in the week, maintain a long position above the low of 4700, with targets around 5000-5100.

Crude Oil Weekly Trend Analysis: Last week’s bullish outlook on crude oil was correct! The low points repeatedly emphasized between 58.5-59.5, and the upward trend was confirmed as expected. The medium-term trend remains bullish. The MACD indicator is above zero, indicating bullish momentum is dominant. On Monday, maintain long positions above 59. with targets at 66.0-68.0.

This article is provided by financial analyst Leng Yijie.