XAU Trading Outlook (23-05-2013)

TRADE OF THE DAY: Yesterday’s trade idea of selling USD/JPY at 103.50 worked nicely, so why not book some profits and try the same trade again, but maybe look to sell now at 103.70. Risk-reward players are still finding value in buying AUD/NZD dips to 1.1960 with very tight stops below 1.1945.

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