XAU Trading Outlook Archive

TRADE OF THE DAY: Same as yesterday and I like the idea of waiting patiently for any spikes higher in USD/JPY towards 103.50 and use them as selling opportunities. For those intent on trading the AUD, the obvious risk-reward trade is to buy AUD/NZD near… Read more

TRADE OF THE DAY: Sell USD/JPY on any rallies towards 104.00 with stops tight above there. With China expected to protect the upper-end of a big double-no-touch exotic barrier and after comments from the Japanese EconMin that the Yen correction has moved enough, I think… Read more

TRADE OF THE DAY: Sell USD/JPY on any rallies towards 104.00 with stops tight above there. With China expected to protect the upper-end of a big double-no-touch exotic barrier and after comments from the Japanese EconMin that the Yen correction has moved enough, I think… Read more

TRADE OF THE DAY: GBP/NZD sounds like a very exotic cross, and it is, but after looking at the long term charts, this pair has scope for some big moves higher. Buy any intraday dips is my trade of the day!

TRADE OF THE DAY: AUD/JPY looks to me as if it might have stop-loss spike in it and risk-reward suggests that being long near 101.00 with a stop-loss below 100.40 targeting 103.00 makes good trading sense.

TRADE OF THE DAY: Buying dips in USD/CHF or selling big rallies in USD/JPY both look like potential winners to me. I’d play the above-mentioned range in AUD/USD and buying NZD/USD near .8160 (very strong technical support) with a tight stop is also a sensible… Read more

TRADE OF THE DAY: Once again I think we will need to be patient today; USD/JPY looks very well bid but with big barriers in place at 104.00, I am looking for selling opportunities an any intraday spikes.

TRADE OF THE DAY: Yesterday’s AUD/USD shorts survived, only just, but today we stick with the obvious; buy USD/JPY dips towards 100.00 with stops below 99.50 looking for 101+.

TRADE OF THE DAY: Sell AUD/USD rallies to 1.0215 with stop above 1.0255 looking for 1.0115 test. (I’m bearish but the risk-reward in chasing it lower from current levels simply isn’t any good).

TRADE OF THE DAY: There was a very nice bounce in USD/JPY on Friday but the easy money has been made there now so we must look elsewhere. As I said, I prefer the sell-rally play for the AUD so I suggest buying EUR/AUD on… Read more