XAU Trading Outlook (11-11-2010)

Oil &amp Gold (XAU) pivoted around the key $1400 level with profit taking competing with fresh buyers. Overall trading with a low of USD$1383 and high of USD $1411 before ending the New York session at USD$1403 an ounce. Oil Surged on Bullish US Oil Inventory Data. WTI Oil Closed +$1.33 at $88.05 a barrel.

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