At present, the fundamentals of gold are mainly bullish. Today, investors are paying attention to the support area of the 1-hour uptrend line below gold, and will buy long gold after the pullback stabilizes.

① The policy uncertainty of the Trump administration has driven the demand for gold.

② The Slovak Prime Minister has stated that he may consider stopping humanitarian aid to Ukraine, which has raised concerns in the market about geopolitical risks and increased safe haven sentiment for gold.

③ The recent report from the World Gold Council (WGC) suggests that the attractiveness of gold as a safe haven asset may continue to rise.

Crude oil has weakened in the early stage, falling below the support of the 4-hour short-term upward trend line. Currently, the support of the 4-hour long-term upward trend line below is effective, so crude oil is currently maintaining a high volatility in the short term, and investors mainly focus on the bottom of the volatility.

① With the arrival of winter, temperatures in some parts of the northern hemisphere have significantly decreased, leading to an increase in heating oil demand in Europe and America. This increase in demand undoubtedly provides support for oil prices.

② The market structure of Brent futures also indicates that the demand for crude oil is increasing.

③ Geopolitical factors are also affecting oil prices, and a major target of US sanctions will be Russia's oil industry, which could lead to further increases in global oil prices.

The content of the article is purely the author's personal opinion and should not be used as a basis for investment decisions. It is for reference only! Any similarity is purely coincidental. Risk lies in control, fire prevention is better than firefighting, and prevention is better than cure.