[Gold]
Wednesday's circle reminder:
**[On the 4-hour chart and daily chart, gold is showing resonance again on the EMA.**
The decline in gold on Monday is currently considered a consolidation phase, with expectations for gold to continue its upward trend on the EMA, extending the five-wave upward movement.
Wednesday's plan is to wait for the U.S. market opening and look for bullish signals on the 1-hour chart to enter a long position in gold.
TP1: 2697
TP2: 2717
TP3: 2732
TP4: 2748
The second target TP2 2717 has been reached.
On the 4-hour chart, gold has formed a resistance pattern at the left structural position and needs to wait for a new ABC consolidation pattern to determine if it can continue to rise.
Therefore, gold long positions this week can be manually closed to avoid reducing profit margins during the pullback consolidation phase.
**Friday to next Monday's trading plan:** Considering that gold has reached a potential triple top bearish resistance area, and this upward wave has completed a five-wave structure.
On the 4-hour chart, the Asian session on Friday has seen three consecutive bearish candles. New short positions can be considered after the U.S. market opens, looking for short signals on the 1-hour chart to enter.
TP1: 2683
TP2: 2670
TP3: 2656
**[Crude Oil]**
Wednesday's circle reminder: **[Currently on the 4-hour chart, crude oil has shown a new effective support level. Consider entering long positions after the next 4-hour bullish close and looking for entry signals on the 1-hour chart.]**
TP1: 80.85
TP2: 81.70
TP3: 83.00
On Wednesday, before the U.S. market opened, a double bottom stabilization pattern appeared on the 1-hour chart, allowing for new long positions. Current long positions are still being held. At the daily level, crude oil remains above the EMA, but the potential for a consolidation phase should be considered, and holding large long positions is not recommended.
Wait for the crude oil 4-hour chart to form new bullish signals in a consolidation phase before establishing new positions.
