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 easily 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 pressure 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, and this has completely confused the market. Where will the dollar go next? Will it continue to fall or stabilize and rebound? Only time can tell. The market is very uncertain now; anything is possible. Don’t let your guard down, especially watch out for the dollar’s protective power suddenly saving the day, which could stabilize and rebound the dollar price…

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 real rise in gold? We don’t know yet. Judging that gold will definitely rise is a bit hasty. We need to observe carefully how gold actually moves. Considering the current high gold prices, large bubbles, and the apparent cooling of geopolitical tensions, it’s possible that gold might fall back tonight. Be alert to this. Overall, don’t assume that gold will definitely rise and ignore the possibility of a market pullback. Be very careful, always remember!