Leng Yijie: 3.18 Gold Falls Amid News Stimulus, Finding Support; Crude Oil 82 Bullish on Longs

LootboxPhobia · 2026-03-21T13:03:22+00:00

In trading, contentment is key, and pursuing too much can increase risk. The primary task of profiting is to preserve capital and abandon uncertain trades. Currently, gold is biased downward in the short term, with focus on the 4970-4800 range; crude oil continues to look upward, with targets at 98-120.

LootboxPhobia

2026-03-21 13:03:22

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Zero Tolerance for Fraud; Be Truthful and Honest. Hello everyone, I am Leng Yijie. (Add Teacher Leng for immediate updates on current trading ideas)

What is most important in trading? Yijie believes it is contentment. If you’re not satisfied, you may increase trading volume, number of trades, and trading frequency. The market always has big and small trends. Catching the big trend naturally yields more profit, but the risk also increases. I believe that in trading, profit and risk are proportional. No matter how strong your technical skills are, always consider the risk of each trade. The first step to profit is to protect your principal. Without capital, there is no trading! When unsure, learn to give up. Currently, live trading accounts are available for profit verification! Since October 10, 2025, multiple doubling of accounts has been achieved! [You can verify and observe.]

Gold experienced a sharp decline due to major evening news. It has repeatedly broken below support levels. Support has been severely breached, indicating a short-term bearish trend. The overall trend remains intact. The daily chart shows a downward shift in the center of gravity, indicating a bearish trend. In the short term, the decline is approaching previous support levels, forming a consolidation zone with oscillation. Observe tonight for a second rebound and potential downward space. The 60-day moving average resistance is around 4971. Support below shifts near 4800. Tonight’s range is expected to be between 4970 and 4800.

Gold tonight: Watch for the second rebound and downward space. Both bulls and bears have opportunities.

Crude oil retraced to 91 during the day and then surged to new highs. This morning, I emphasized that around 92, we should continue to be bullish. The upward movement is on track to reach 98-100-120.

Crude oil tonight: As emphasized this morning, continue to buy around 92 and aim for 98-100-120.

This article is by financial analyst Leng Yijie.

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