XAU Trading Outlook (31-03-2011)

Oil &amp Gold (XAU) broke higher on USD weakness in Europe but sharply reversed back to support at $1412 in classic pump and dump trader moves in New York. Overall trading with a low of USD$1411 and high of USD $1430 before ending the New York session at USD$1423 an ounce. Eased slightly in quiet trade. WTI Oil Closed -$0.44 at $104.10 a barrel.

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