Leng Yijie: 2.10 Gold looks at the completeness of wave C's strength, continue to go long on crude oil

LootboxPhobia · 2026-02-10T16:26:12+00:00

The article emphasizes the risks of the foreign exchange market and the responsibility of investing, advocating for cautious selection before investing and prioritizing family. Currently, the investment strategies for gold and crude oil are to focus on key resistance levels for gold and maintain a bullish outlook on crude oil, along with providing specific operational suggestions.

LootboxPhobia

2026-02-10 16:26:12

Abstract generation in progress

Zero Tolerance for Deception; Seek Truth from Facts. Hello everyone, I am Leng Yijie. (Add Teacher Leng to receive current follow-up strategies 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 either carry your boat or capsize it! It might be a hot potato that damages your spirit and material wealth, or it could be the fuse that destroys your family. Yijie wants to emphasize that family comes first, work second, and investment third!

Currently, live trading accounts are available for profit verification! Since October 10, 2025, multiple doubling of funds has been achieved! [You can verify and observe]

Gold currently still focuses on the resistance level around 0.618 at 5140. Gold has risen to the M-head double top pattern, with the trend slowing down. The bullish and bearish sentiment may continue to heat up. Conservative traders can wait for the gold price to break through 5100 before entering the market. Before the non-farm payroll data release tonight, it is still preferable to look for low-level long positions. Currently, it is in a consolidation phase initiated from below at 4400, with a chance to attempt an upward move. Operate in a trend-following short-term manner; wave trading still requires patience.

Gold: 【1】Pull back to 5010-4980 in stages to buy long, with a stop at 4960, targeting 5080-5100-5140 for a breakout upward.

【2】Pay close attention to the 5140 resistance level before and after the non-farm payroll data. A break above it would fully open the upward space again.

Crude oil emphasized yesterday to continue with the buy-long strategy, which remains valid as it stays above the 60-day moving average. The upper target is around 66.0-68.0. The MACD indicator repeatedly crosses the zero line, maintaining the strategy of pulling back to buy long.

Crude Oil: 【1】Buy around 63.0-63.2, with a stop at 62.0, targeting 64.0-66.0.

This article is authored by financial analyst Leng Yijie.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.