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Leng Yijie: Buy on dips in gold after the 2.10 correction in the evening. Go long on crude oil simultaneously.
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Gold remains volatile within a range during the day. From a daily chart perspective, the overall bullish framework remains unchanged, with a return to an upward trend and a sideways rally, indicating a bullish outlook. However, evening data should also be watched carefully. Maintain the strategy of pulling back and then going long. Gold tonight: Continue to buy on dips at 5000-5010, with support at 4980, targets at 5080-5100-5140.
Crude oil fluctuates repeatedly at a small high level. The evening trend space is limited, but the overall trend remains bullish. Keep the trend-following long strategy unchanged. Crude oil tonight: Maintain a bullish outlook based on daily analysis.
The above article is by financial analyst Leng Yijie.