XAU Trading Outlook (26-09-2013)

TRADE OF THE DAY: EUR/AUD still remains the stand-out trade for me, with clear resistance at 1.4460; sell intraday rallies towards there with fairly tight stops in place. USD/JPY also looks more likely to fall than rise; wait and see what happens at trend-line support near 98.20 (see chart). If it breaks, look for short-term rallies to sell into.

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