XAU Trading Outlook Archive

TRADE OF THE DAY: Once again, no surprise, long AUD is my trade of the day. I still prefer to play this idea against the USD, so buy any intraday dips towards .9050 with stops below .9020. If you prefer to play against the EUR,… Read more

TRADE OF THE DAY: I think it will have to be a waiting game today and the pairs to watch are all interlinked; AUD/USD, USD/JPY and AUD/JPY. We need to watch the big levels mentioned above. Though I’m not a big fan of the break… Read more

TRADE OF THE DAY: Most of today’s volatility will be in the AUD/USD but it looks too risky to me, so I will stick with USD/JPY which has been good to me recently. Play the edges of a 97.80/98.80 range and I’m sticking with my… Read more

TRADE OF THE DAY: I think USD/JPY is likely to go lower with the market, both short-term and long-term players, sitting on long positions. The obvious place to have a stop-loss order is above 100.00, so sell intraday rallies to 99.30/50 with stops above there…. Read more

TRADE OF THE DAY: I’m afraid that I’m not seeing many value trades at the moment but USD/JPY does seem to be trying to put in a very short-term base near 97.60. Buy intraday dips to 97.70/75 with very tight stops below 97.50 looking for… Read more

TRADE OF THE DAY: Again, same as on Friday. Be brave and buy AUD/USD! As I mentioned above, you will need to pick the right entry levels but I think a short-squeeze is coming. If you want plenty of intraday trade opportunities then look to… Read more

TRADE OF THE DAY: The RBNZ decision will add some volatility to the NZD soperhaps wait until after that, but if 1.1500 support is still holding in the AUD/NZD then trybuying with a tight-ish stop looking for a move back towards 1.1700.

TRADE OF THE DAY: The most obvious risk-reward play is to buy dips in AUD/NZD towards 1.1525/35 with a stop below 1.1500 looking for a test of levels above 1.1700.v

TRADE OF THE DAY: I still like the look of the topping formation on the EUR/JPY daily chart, so sell rallies to 131.00 with stops above 131.50 looking for 130.00. Good luck out there.

TRADE OF THE DAY: USD/JPY is due for a downside shake-out I think. I think selling near 99.30/40, looking for 98.30 with a stop above 99.75 makes good risk-reward sense.