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Review on June 11, 2024

惊蛰
惊蛰
06-11

Non-U.S. currencies and gold experienced turbulent movements on Monday. It is expected that gold will show increased volatility today. Pay attention to intraday trading points for gold.

Good morning, everyone. Today is Tuesday. On Monday, non-U.S. currencies and gold fluctuated at low levels. It is expected that the fluctuation range will increase today, with a focus on buying the euro at low points and patiently waiting for effective positions in gold.

Gold

Gold has dropped $100 unilaterally. I am personally focusing on the 2274 level. If this support is not broken, the main strategy is to buy at low levels.

Trading Recommendations

1. If gold touches the 2273 level for the first time today, go long with a stop loss at 2263 and a target of 2283. If a profit of $5 is reached at 2278, set the stop loss to breakeven and wait for the result.

2. If gold touches the 2327 level for the first time today, go short with a stop loss at 2337 and a target of 2317. If a profit of $5 is reached at 2322, set the stop loss to breakeven and wait for the result.

Gold is a highly volatile commodity, so it is crucial to strictly adhere to stop loss levels. Ensure that the stop loss point matches the loss amount, keeping the total loss within 1% of total funds.

EUR/USD

The euro long positions from yesterday are still open. Patiently wait for the result.

USD/JPY

If USD/JPY touches the 157.350 level for the first time today, go short with a stop loss at 157.650 and a target of 157.050. Strictly adhere to the stop profit and stop loss levels.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

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