Leng Yijie: 3.4 Gold evening outlook remains bullish at 5250 for the second stabilization, crude oil pulls back to the upside

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Gold rapidly surged, forming a V-shaped reversal, similar to the previous downward correction. The rebound is expected to continue, with the upper target around 5250. If it breaks above this level, it will continue upward; otherwise, it will consolidate sideways. Both bulls and bears can enter tonight, watch whether 5250 stabilizes again. The overall trend remains in an upward C wave, with no change in trend.

Gold tonight: Maintain the morning strategy; both bullish and bearish views are valid for reference.

Crude oil remains in a consolidation phase during the day. Support is around 71.0. Stay long above 71.0 this week. If it pulls back tonight, a small support at around 73.0 can be used for long entries.

Crude oil tonight: Pull back near 73.0, look for a rise to 78.0-79.0. If it is swept out, continue to go long around 72.0.

This article is provided by financial analyst Leng Yijie.