Review of June 17, 2024

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Today's important data

Good afternoon,Institutional Foreign Exchange Trading everyone. Last Thursday and Friday had important data and no review, but today, Monday, the currency is normally fluctuating. Pay attention to the 2310 level of gold during the day.

Gold

Trading Recommendations

1. For gold, if the price first touches 2310 during the day, go long, with a stop loss at 2300 and a target at 2310. Once there's a $5 profit, set a breakeven at 2315 and wait for the result.

Gold is a highly volatile commodity, so be sure to strictly set stop losses. The stop loss points should correspond to a loss amount, controlled within 1% of the total capital.

Euro

The euro is expected to fluctuate in position; mainly engage in high-empty and low-long oscillation trades.

Trading Recommendations

1. For the euro, if the price first touches 1.07300 during the day, go short, with a stop loss at 1.07600 and a target at 1.0700. Once there's a 200-pip profit, set a breakeven at 1.07200 and wait for the result.

USD/JPY

Trading Recommendations

1. For USD/JPY, if the current price is at 157.550, go short, with a stop loss at 157.850 and a target at 157.250. Once there's a 200-pip profit, set a breakeven at 157.350 and wait for the result.

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.