XAU Trading Outlook (29-12-2010)

Oil &amp Gold (XAU) broke out of its recent range to the topside above $1400 an ounce.Overall trading with a low of USD$1384 and high of USD $1407 before ending the New York session at USD$1405 an ounce. Oil&rsquo s bullish mood continued pushing back above $91 a barrel. WTI Oil Closed +$0.40 at $91.30 a barrel.

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