XAU Trading Outlook (04-12-2013)

The obvious trade for me is to buy dips in AUD/NZD towards 1.1020 with a tight stop directly below 1.0990. EUR/USD bears can try selling at 1.3625, again keeping stops tight above 1.3650. Medium-term players can consider building short EUR/AUD positions with stops well above 1.5050.

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