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.
