XAU Trading Outlook Archive

TRADE OF THE DAY: EUR/AUD again looks like the stand-out trade for me, with clear resistance at 1.4460; sell intraday rallies towards there with fairly tight stops in place. There are also good-sized orders reported in the EUR/USD, so playing the edges of a 1.3460/1.3520… Read more

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… Read more

TRADE OF THE DAY: This is a good day to stay defensive ahead of the FOMC. I see nice short-term technical resistance in USD/JPY near 99.40, so I favour selling there with a tight stop looking for a test of 98.50.

TRADE OF THE DAY: I remain overall quite bearish on the USD and I prefer to play this idea through the long GBP/USD trade. Buy dips in cable towards 1.5870 looking for a test of 1.6000 later today.

TRADE OF THE DAY: There are a few which catch my eye this morning; buy cable near 1.5770 with a tight stop below 1.5740 or buy EUR/USD near 1.3260 also with a tight stop below 1.3220 looking for 1.3400.

TRADE OF THE DAY: Got the EUR/AUD wrong yesterday so best avoid that again. Buying intraday dips in USD/JPY towards 100.00 with stops below 99.50 makes good risk-reward sense and I also really like the long GBP/USD play, but that’s more medium term.

TRADE OF THE DAY: USD/JPY did as we expected yesterday, unfortunately though there was no dip. I still like the idea of being long this pair, especially if trendline resistance near 99.10 breaks.

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… Read more

TRADE OF THE DAY: AUD/JPY is starting to treat us well so I like sticking with the same trade, buy intraday dips to 89.00 with stops below 88.60. I also like the bearish EUR/GBP play, so I’m looking to sell intraday rallies to .8560 with… Read more

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… Read more