XAU Trading Outlook Archive

TRADE OF THE DAY: Sell AUD/USD on any intraday rallies towards 1.0320, with stops above 1.0375 looking for a 1.0225 re-test.

TRADE OF THE DAY: I’m looking to another of my ‘pet’ trades here, and suggest buying USD/CHF near .9330 with a tightish stop below .9300 looking for .9420.

TRADE OF THE DAY: The obvious trade is to sell USD/JPY ahead of the big barriers, say at 99.70, with a tight stop above 100.00. Good luck out there and TGIF.

TRADE OF THE DAY: Normally if China is involved in a market it’s worth going with them. Buy EUR/USD near 1.2975 with a tight stop looking for a quick 50 pip rally; rinse and repeat! Good luck out there.

Gold (XAU) dropped a whopping 160 dollars per troy ounce yesterday to 1322 US dollars amidst heavy trading. Markets have been selling the precious metal heavily since last Thursday. The selloff was supported by a slowdown in Japanese growth and an overall selloff of commodities… Read more

GOLD (XAU) is falling after it rose as high as 1613.59. It is now trading just above 1605 US dollars (USD) an ounce. Nevertheless the precious metal is in an uptrend and investors around the globe are considering its safe haven characteristics – especially following… Read more

? Gold (XAU) has moved to higher highs and higher lows as markets stabilize the precious metalaround the 1580 range.

Oil & Gold (XAU) Gold was stable on Friday finding support at $1570 and closed slightly higher at $1575. OIL/USD continued to slip lower as Chinese growth concerns and US government spending cuts prompted demand side fears for 2013.

Oil & Gold (XAU) Gold was sold for a second day in a worrying sign for the bulls caught long after the recent break above $1600oz. USD strength and persistently strong US data has seen a change in sentiment towards Gold. OIL/USD was sold aggressively… Read more

Oil & Gold (XAU) Gold pared recent gains after Bernanke talked about the need to examine the exit strategy sometime soon and traders seemed to ignore the comment that QE3 would be in place for some time yet. OIL/USD grinded higher back above $93 a… Read more