XAU Trading Outlook Archive

TRADE OF THE DAY: I’m feeling rather uninspired at the moment I’m afraid but the break above 1.3400 in EUR/USD could be significant so perhaps buying intraday dips to 1.3350 with stops below 1.3320 could be a winning strategy.

TRADE OF THE DAY: I think that USD/JPY still looks extremely dangerous and we could see more downside cleanouts. I favour selling intraday rallies but keep positions smaller than usual and stops wider, given the volatility.

TRADE OF THE DAY: I think the USD/JPY short-term sell idea is looking a bit risky at current levels so my trade today would be to buy GBP/USD dips towards 1.5370 with stops below 1.5320, looking for 1.5500 later today.

TRADE OF THE DAY: The break below 100.00 in USD/JPY should change medium-term momentum, so sell any intraday rallies to 100.20 looking for a test of 99.00.

TRADE OF THE DAY: There is a nice technical set-up in the GBP/USD and I think being long is the better play here with a stop below 1.5130

TRADE OF THE DAY: There are no specific levels jumping out at me this morning, but I would suggest that we will see plenty of volatility and two-way price action. Overall preference is to be short the USD in the short-term and the EUR looks… Read more

TRADE OF THE DAY: I’ve been long USD/CHF for quite some time but there does seem to be a danger of a topping formation emerging (see chart). I normally don’t encourage break trading, but if this pair breaks and holds below .9600 then we could… Read more

TRADE OF THE DAY: Patience is required in all of the majors and most of the volatility is likely to happen in USD/JPY where a 100 pip range roughly between 101.70/102.70 should cover most eventualities.

TRADE OF THE DAY: I’d stick to the AUD/USD today; play the edges of the .9580/.9670 range edges with tight stops, and if one side breaks then look to enter on retracements for potentially big moves.

TRADE OF THE DAY: Yesterday’s trade idea of selling USD/JPY at 103.50 worked nicely, so why not book some profits and try the same trade again, but maybe look to sell now at 103.70. Risk-reward players are still finding value in buying AUD/NZD dips to… Read more