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Leng Yijie: Gold Falls Sharply on 3.24, Waiting for Long Positions; Crude Oil Moves in Sync
Abstain from falsehoods and distortions; stick to the facts. Hello everyone, I am Leng Yijie. (Add Teacher Leng to provide current trading strategies immediately.)
The market has changed. It’s been ruined and tarnished by so-called salespeople. Many people are afraid—afraid to place orders, afraid of financial teachers, afraid of the market. In short, they fear everything. Of course, there’s a saying that I often mention when people ask me: whether you choose to work with me or not, it doesn’t matter, but you must take responsibility for your wrong choices! What I want to emphasize most is that family comes first, work second, and investment third! Heavy positions, holding through orders, locking positions. No matter the situation, major losses are usually linked to these three points. Over the years in this industry, I’ve seen this be the Achilles’ heel for all investors. I personally recommend setting a stop-loss on every trade; don’t let one careless mistake lead to a total loss. Let’s encourage each other!
Currently, live trading accounts are available for profit verification! Since October 10, 2025, multiple doubling events have been completed! [You can verify and observe.]
Gold C-wave plunged over $1,300, with an extremely volatile trend. Based on the previous extreme adjustment rhythm of FB86%, around 4100 is a turning point and also the lower boundary of the major channel, where resonance support is observed. I personally believe that the decline is the best entry point. Last night, I also emphasized continuing to buy on dips. Today, I will maintain this stance. We wait for a suitable retracement level to enter long positions.
Gold: 【1】Buy on dips around 4330-4200, with a stop at 4150, targeting 4400-4500-4730.
Crude oil’s short-term trend is facing resistance at the upper boundary and is declining. The price has fallen below the moving average system, which is arranged downward, and is currently undergoing low-level consolidation. Considering the significant drop yesterday and the cautious outlook this morning, I will observe for now. The main idea remains to buy on dips.
Crude Oil: 【1】Buy around 88.0-87.5, with a stop at 87.0, targeting 91.0-93.5-95.5.
This article is provided by financial analyst Leng Yijie.