杨山海：黄金不看延续性，就看震荡区间的力度！

Core Viewpoint - The analysis emphasizes that gold is currently in a range-bound market, with no significant upward or downward trends expected as long as it remains below the resistance level of 5100 [1][2]. Group 1: Gold Market Analysis - Recent trading saw gold drop to a low of around 4840, but key support levels at 4400 and 4650 have not been tested, indicating no trend change [2]. - A rebound is possible if gold stabilizes above 4950, with potential upward targets at 5050 and 5100 [3]. - The current price of gold is noted at 4932, and traders are advised to maintain long positions while waiting for market developments [3]. Group 2: Silver Market Analysis - Silver has declined to 72, closing at 76, reflecting a weak market trend; however, the previous viewpoint remains unchanged, suggesting that as long as it stays below 75, there are opportunities for upward positioning [3]. - The recent pullback in silver is viewed as a buying opportunity, with a focus on potential gains rather than concerns about further declines [3]. Group 3: Crude Oil Market Analysis - The international crude oil market is also experiencing a range-bound phase, with no clear trend direction observed [3]. - The technical range for crude oil is identified between 59.5 and 66, with recommendations for short-term trading strategies due to its weak performance [3].