XAU Trading Outlook (22-05-2013)

TRADE OF THE DAY: Same as yesterday and I like the idea of waiting patiently for any spikes higher in USD/JPY towards 103.50 and use them as selling opportunities. For those intent on trading the AUD, the obvious risk-reward trade is to buy AUD/NZD near 1.1970 with a tight stop below 1.1950.

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