XAU Trading Outlook (20-05-2013)

TRADE OF THE DAY: Sell USD/JPY on any rallies towards 104.00 with stops tight above there. With China expected to protect the upper-end of a big double-no-touch exotic barrier and after comments from the Japanese EconMin that the Yen correction has moved enough, I think selling USD/JPY rallies makes good risk-reward sense.

Good luck out there.

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