Yan Ruixiang: The gold short position will continue, and the crude oil long position remains unchanged

LootboxPhobia · 2026-03-17T15:49:53+00:00

The article analyzes market trends and support levels for gold and crude oil, pointing out the pressure ranges for gold in the medium to short term and the continuation points for oil's bullish momentum. It also lists financial data and events to watch on March 16, 2026. The article emphasizes that the content is for reference only and does not constitute investment advice.

LootboxPhobia

2026-03-17 15:49:53

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Gold

Monthly chart (long-term bullish) Support: 3900
Weekly chart (mid-term bullish) Support: 4845
Daily chart (short-term bearish) Resistance: 5145

Four-hour chart (short-term)
Key threshold around 5085
Intraday short-term support/resistance within the 5060-5085 range

Crude Oil

Monthly chart (long-term bullish) Support: 63.20
Weekly chart (mid-term bullish) Support: 69
Daily chart (wave-based bullish) Support: 81.80

Four-hour chart (short-term)

Short-term threshold between 96.60-70, short-term bullish continuation depends on this area

[Key Economic Data and Events to Watch on March 16, 2026, Monday]
① 20:30 Canada February CPI Monthly Rate
② 20:30 US March New York Fed Manufacturing Index
③ 21:15 US February Industrial Production Monthly Rate
④ 22:00 US March NAHB Housing Market Index

Note: The above are personal opinions and strategies for reference only. They are not investment advice, do not relate to client investments, and should not be used as a basis for order placement.

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