XAU Trading Outlook (03-12-2013)

Yesterday’s short trade in EUR/AUD worked very nicely and I would try the same again today. Look to sell rallies back towards 1.4900/10. The NZD looks to be an even better buy that the AUD and NZD/JPY might also be worth a look; it’s risky given the vertical nature of yesterday’s move so keep trailing stops tight if going long.

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