The current wave of gold's rise has reached the expected first target level of 2920, and all the long orders that started buying at 2832 before Tuesday's warning are taking profits at 2920. Everyone should pay attention to this rhythm and signal. Of course, being out does not mean that gold cannot rise. It can be confirmed that gold is still in a bullish trend, and rising is still the main theme in recent times. However, since Wednesday, the market uncertainty has increased, and many news have been announced this week. Therefore, the strength and strength of the rise and fall are like opening a blind box, which cannot be determined. Therefore, it is recommended that starting today, the trading method of gold should not look at direction, but at the intraday range. Silver has also reached a high point of 32 in this wave of rise, and the long positions in the previous 31 layout also indicate that it can be eliminated. After this cycle of short positions, it is also waiting for this week's data impact. Tuesday was a fruitful day for futures trading, with over 672 orders from Shanghai Gold being eliminated at 684, over 671 orders from Rongtong Gold being eliminated at 682, and over 7900 orders from Shanghai Silver being eliminated at 8000. There is still a chance to make new trades this week.

Trump's new measure of imposing a 25% tariff on imports from Mexico and Canada came into effect at 13:00 Beijing time on Tuesday. He will also double the tariffs imposed on Chinese goods to 20%. China immediately retaliated by imposing additional tariffs of 10% -15% on certain US imports starting from March 10th, and implementing a series of new export restrictions on designated US entities. Wednesday's focus will be on the ADP employment report. In addition, investors need to closely monitor changes in the international trade situation. The latest news shows that the United States may ease its treatment of tariff issues. US stock index futures rebounded in early Wednesday trading, which may weaken safe haven buying in gold and provide short-term opportunities for gold bears.

The US dollar that has emphasized this cycle is weak, and this weakness will continue until 105. If it is temporarily supported by 105, then it is still a weak oscillation, and there is no unilateral decline. Only when it falls below 105 can the US dollar be seen as a unilateral sharp decline trend. Therefore, this week's focus is on the gains and losses of the 105 low point. Gold rose again on Tuesday according to Shanhai's expectations, reaching a peak of 2927, achieving Shanhai's first bullish target point of 2920. Therefore, this week's gold is bullish, with all low and long positions indicating elimination at 2920. Next, we need to pay attention to the key news of the market after the data is released. The uncertainty of the data increases the risk of trading. Here, we suggest that starting from Wednesday, we should not overly focus on the direction of gold's rise and fall, but focus on effective profits. From a technical perspective, the daily cycle is still strong under the bullish trend, which cannot be denied. However, the upward trend of the daily cycle is uncertain whether it will continue. Today's closing line is more important. If it closes below 2900, the daily line may close negative and fall. If it closes above 2900, gold may continue to rise to a new high this week. Therefore, today's performance is highly uncertain, so pay attention to the gains and losses of 2900. The same is true for the H4 cycle. In the continuous rise, although there was a performance of Bollinger opening, the candlestick closed below the upper limit of Bollinger and broke through the support of the 10 day moving average. Therefore, today's strength is not constant, but selective strength. The support of the 5-day moving average is around 2900. If the Asian and European markets fall below this level, it is necessary to pay attention to adjusting the bullish sentiment appropriately. It is possible that it will directly fall to the starting point of this week, 2880, on Wednesday. Therefore, before unsure of today's main direction, it is best to look at range trading. Pay attention to three points below the small cycle, 2900.2890.2880. Pay attention to two points above, 2930.2855. There is a small non farm payroll ADP data release in the US market, which is expected to be a sweeping trend.

The trading of spot silver also needs to be adjusted. The more than 31 orders laid out this week have already been indicated to be sold out by 31.8, and the current closing price is around 32. Although the strength did not meet expectations, under the premise of uncertain market performance, it has gained a wave and there is no need to keep orders. Next, we will take a look at the short position and see if there is still an opportunity for us to lay out our strategy based on the performance of the cycle. Based on the technical performance of silver, the overall trend is still bullish. If the uptrend moves out of the single side, we can still look at the high point of 33. However, if there is a chance of adjustment due to volatility, there is also a chance to go to 30.8. Therefore, it is not recommended to trade in this cycle. It is recommended to maintain a short position and wait for the data to be released before giving new prompts.

After a decline in the first two trading days of this week, crude oil is now at a low of around 66.8. It rebounded at the end of Tuesday, reaching a high of 68.5. The rebound is relatively strong, and the overall market is now entering a period of low-level oscillation. Therefore, crude oil can start to try to buy at the bottom and go long, looking for the upward space this week. The technical level for trying to go long within the day is around 67.5, and the strength of the rise needs to be seen through the ups and downs of the US market. Pay attention to 69.71 above. After stabilizing at 69 on Wednesday, it can be basically confirmed that there will be a wave of big gains on Thursday and Friday.

In terms of futures:

1: Shanghai Gold 2506 Contract

The domestic gold market rose for two trading days this week, with the highest around 684, ending the long order of 671. This wave of rise will earn some profit first, and data for the non farm week will start from today. From the current performance of the market, the upward momentum of domestic gold is mainly based on two points, one is 685 and the other is 693. The possibility of breaking through 693 and refreshing the high point during this period is not high, but the main force is still showing an upward trend. Therefore, when trading, try to focus on low and long positions, with the support level below 675.665. It is recommended to lower the support point further and follow the trend. If it rises to 693 this week, you can start considering short selling to see downward space.

2: Rongtong Gold

Rongtong Gold's over 671 orders this week also indicate elimination around 680. This wave of rise will earn some profit first, and we need to pay attention to the performance of the non farm data week from today. From the current performance of the market, the strength of the rise of Rongtong Gold can only be judged by two factors. One is 682, and the other is 690. The possibility of breaking through 690 and refreshing the high point during this period is not high, but the main force is still showing an upward trend. Therefore, when trading, try to focus on low and long positions, with support at 673.663. It is recommended to fall back to the support point and then take advantage of the trend. If it rises to 690 this week, you can start considering short positions and see downward space.

3: Shanghai Silver 2506 Contract

The more than 7900 orders placed by Shanghai Bank this week have already prompted them to make a profit at 8000 and be eliminated. From a long-term perspective, the rise of Shanghai Bank is not a problem, but the mid-term adjustment has entered a range oscillation. Therefore, there is no need to worry about whether Shanghai Bank's long-term trend can reach 8100.8250. Instead, adjust appropriately to see the impact of this week's data on Shanghai Bank. If the bullish trend continues, there is still an opportunity to place multiple orders. If it is a volatile performance, it depends on the short-term trading within the range, with support below 7850

4: Fuel 2506

After two trading days of decline, fuel has now stopped at around 3060. Pay attention to the adjustment of fuel strategy. An effective bottom has appeared in the weak market, and you can start considering going long. Look at the rise on Wednesday, Thursday, and Friday. The strength of this wave of rise, first look at the high point of 3300, break through the high point of 3300 this week, and then look at the continued upward momentum.

5: Soda ash 2506

Soda ash has not shown significant fluctuations for the fourth consecutive week. In the first three weeks, it has been advised to go long at 1460. Although there is profit, it has not been advised to exit. Now, the closing price is around 1520, and there is still a good profit, but it is not enough to indicate that the rise has been completed. Therefore, soda ash can continue to hold long positions in this cycle. We should pay attention to the area around 1700 and wait for the 1700 level to break before seeing unilateral strength.