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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**Next week’s gold trend analysis: Gold will enter a recovery phase again after another decline. From the daily chart, it may re-enter the previous vacuum zone. Due to the dual standards of time window and price in the 4H cycle, the left side tends to rebound and may restart. From a wave perspective, it is currently in the B wave stage starting from below 4400 and moving upward, with C wave upward attempt possible. On the daily level, it is in the preparation and consolidation period of a new driving wave. At the beginning of the week, maintain a long position above the low of 4700, with targets around 5000-5100.


**Next week’s crude oil trend analysis: Last week, the bullish outlook for crude oil was confirmed! The low points repeatedly emphasized buying around 58.5-59.5, and the upward trend was fulfilled as expected! The medium-term objective trend remains bullish. The MACD indicator is above the zero line, with bullish momentum dominant. Crude oil remains above 59 on Monday, maintaining a bullish outlook. The upper targets are 66.0-68.0.

The above article is by financial analyst Leng Yijie.

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