Leng Yijie: On 2.26, the yellow session will blindly continue to the right side, expecting higher. Oil also moves higher in sync.

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Gold emphasized yesterday that a pullback to buy again was correct! Recently, the bullish trend has become unstoppable. The oscillation and pullback are opportunities to buy. The daily chart shows three consecutive strong bullish candles with volume, indicating the bulls remain strong. In the early session, a wave of continued sharp rise was seen, mainly releasing the single-sided volume after yesterday’s consolidation and correction. Currently, the Asian session is showing a strong upward trend with consecutive bullish candles, waiting for the European and American sessions to pull back for more buying opportunities. Aggressive traders are encouraged to go long actively. This week, it was emphasized that breaking below 5140 would signal a focus on medium-term bullishness. Support levels are now at 5140-5100.

Gold: 【1】 Continue to buy on dips at 5140-5120, with a stop at 5100, targeting 5250-5350.

Crude oil is in a high-level consolidation phase. The main idea remains to buy on dips during the day, with potential targets around 68.0-69.0.

Crude oil: 【1】 Continue to buy on dips at 64.0-64.3, with a stop at 63.5, targeting 66.0-68.0-69.0.

This article is by financial analyst Leng Yijie.

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