XAU Trading Outlook (05-08-2013)
TRADE OF THE DAY: I think USD/JPY is likely to go lower with the market, both short-term and long-term players, sitting on long positions. The obvious place to have a stop-loss order is above 100.00, so sell intraday rallies to 99.30/50 with stops above there. The downside target is a test of 97.50.
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