Leng Yijie: Gold remains bullish on the mid-term outlook at 2.28, crude oil long positions are successful

LootboxPhobia · 2026-03-02T02:53:36+00:00

Leng Yijie pointed out that failure in investment is inevitable, and the important thing is to learn from it. Currently, the gold and crude oil markets are trending upward, and it is recommended to continue holding and pay attention to trend changes.

LootboxPhobia

2026-03-02 02:53:36

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Zero Tolerance for Falsification, Seek Truth from Facts. Hello everyone, I am Leng Yijie. (Add Teacher Leng for current follow-up ideas immediately)

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Failure and loss are inevitable. Everyone will face varying degrees of failure, but there’s no need to blame yourself excessively. The important thing is to learn from these failures. Find the reasons for the losses, avoid making the same mistakes next time. In trading, the less personal emotion involved, the clearer you can see the overall market trend, and the better decisions you can make. Stay calm when facing gains and losses.

Clear analysis of gold’s trend for next week: Gold has completed the upward movement of wave C as expected. I have emphasized during the previous high-level oscillations that a pullback is a good opportunity to buy. This buying is straightforward. The trend clearly shows this. Currently, after a four-hour consolidation, it has broken upward and is gaining momentum. The price is above the cloud, indicating a predominantly bullish oscillation. The daily chart shows a complete bullish arrangement, and on the hourly chart, the price has re-closed above the middle band of Bollinger Bands. Next week, the outlook remains bullish. Last week’s positions at 5120-5100-4950 are still held. Continue to look for targets around 5300-5500.

Clear analysis of crude oil’s trend for next week: Crude oil had a strong rebound this week. It has been oscillating upward at high levels. The pullback was only minor. The medium-term trend remains bullish. The MACD indicator is above zero, with continued bullish momentum. At the start of the week, maintain the same long-side rhythm. Support is around 64.0. Continue to look for targets around 68.0-69.0.**

The above article is by financial analyst Leng Yijie

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