XAU Trading Outlook (06-05-2013)

TRADE OF THE DAY: There was a very nice bounce in USD/JPY on Friday but the easy money has been made there now so we must look elsewhere. As I said, I prefer the sell-rally play for the AUD so I suggest buying EUR/AUD on intraday dips to 1.2680 with stops below 1.2640 looking for 1.2800.

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