XAU Trading Outlook (05-04-2011)

Oil &amp Gold (XAU) was well supported grinding higher for most of the day to $1440 resistance. Overall trading with a low of USD$1429 and high of USD $1439 before ending the New York session at USD$1437 an ounce. Was up a small amount with middle east protests spreading to many states. WTI Oil Closed +$0.53 at $108.47 a barrel.

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