Zong Xiaoli: Crude oil prices are rollercoasting, and the pressure on the US dollar has suddenly increased. Is gold about to rise?

Yesterday’s market changes were huge. If you’re even slightly careless, you could be directly eaten by the market, especially with the crude oil price fluctuations, which caused a rollercoaster ride. This kind of crazy rise and fall can blow up any amount of capital, so it’s very dangerous. It’s better not to touch crude oil at all.

As for the US dollar index, it suddenly showed resistance yesterday, with prices falling sharply. It’s been bouncing back and forth for five trading days. The dollar’s pressure has finally surged again, pushing prices down and making us forget about Monday’s gap-up opening. When pressure comes, the dollar will be pushed down or even beaten. This has completely confused the market. What will the dollar do next? Continue to fall or stabilize and rebound? The answer can only be revealed over time. The market is very uncertain now; anything is possible. Don’t let your guard down, especially watch out for the possibility that dollar support might suddenly rescue the market, allowing the dollar to stabilize and rebound.

Now, about gold. Many people see gold rising and immediately shout that gold will continue to surge! However, I remain cautious. Although gold is showing some short-term upward movement, it is mainly influenced by crude oil prices and the sudden decline of the dollar. Ultimately, is this a genuine rise in gold? We don’t know yet. It might be premature to assume gold will definitely go up. We need to observe carefully how gold actually moves. Considering that current gold prices are high, with a large bubble, and geopolitical tensions seem to be cooling down, it’s possible that gold might fall back tonight. Be alert to this. In summary: Never assume that gold will definitely rise and ignore the possibility of a market pullback. Be very careful, always remember!