XAU Trading Outlook (12-08-2013)

TRADE OF THE DAY: If the AUD/USD stalls near .9200 and the AUD/NZD remains short-term in recovery mode, then we should see the NZD/USD drift lower. There seems to be excellent risk-reward in selling NZD/USD near .8050 with a stop above .8075 looking for levels back near .7950.

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