XAU Trading Outlook (20-08-2013)

TRADE OF THE DAY: There are a few possibilities today; short-term traders can buy AUD/JPY near 88.70 with very tight stop below 88.50; medium-term players can try buying AUD/USD near .9050 with a stop below .8960; AUD bears can try selling and intraday rallies in AUD/NZD looking for a 1.12 test.

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