XAU Trading Outlook (16-07-2013)

TRADE OF THE DAY: I think the best way of trading this present market is to look for logical technical trades with good risk-reward returns. I like the look of technical support in EUR/CHF at 1.2345, so buy near there with a tight-ish stop. I also like the look of the H&S formation on the EUR/JPY daily chart so sell near 131.00 with a stop above 131.40.

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