XAU Trading Outlook Archive

TRADE OF THE DAY: I think the best way of trading this present market is to look for logical technical trades with good risk-reward returns. I like the look of technical support in EUR/CHF at 1.2345, so buy near there with a tight-ish stop. I… Read more

TRADE OF THE DAY: I quite like the look of the EUR/USD at present, with demand for the single currency increasing on the crosses. Buy intraday dips to 1.3030, with stops below 1.2980, looking for 1.3150.

TRADE OF THE DAY: I’m still on the short-term bearish USD/JPY play and Fridays are often when we see the big moves? Sell rallies towards 99.50 with stops above 100.

TRADE OF THE DAY: I’ll stick with the Aussie today. The market is quite short and very bearish, but will be worried about being short against weakening currencies like the Yen. If AUD/JPY breaks above 92.70 then start to look for intraday dips as buying… Read more

TRADE OF THE DAY: I still like the look of the NZD/USD and playing the intraday long card would have worked nicely yesterday. Longs preferred near .7770 with stops below .7740 looking for .7850 intraday.

TRADE OF THE DAY: I like the look of the NZD/USD and suggest long positions near present levels .7780 with stops below .7710 looking for .7950.

TRADE OF THE DAY: Even though I think the AUD is oversold, I still think that it will struggle against the NZD. Selling intraday rallies to 1.2000 with a stop above 1.2070 looking for 1.1850 seems like a sensible risk-reward play. Good luck out there.

TRADE OF THE DAY: Buy AUD/USD at .9235 with stop-loss below .9200 looking for intraday test of .9325.

TRADE OF THE DAY: Play the range early in the day but be prepared to buy AUD/USD on a break of .9260 with trailing stop below .9220 looking for .9325 initially.

TRADE OF THE DAY: Buy AUD/USD at .9170 with s/l at .9145 looking for .9220. Rinse and repeat. Good luck out there and TGIF.