XAU Trading Outlook (13-04-2011)

Oil &amp Gold (XAU) fell sharply again in the US session over $20 an ounce hitting stops under $1450. Overall trading with a low of USD$1443 and high of USD $1467 before ending the New York session at USD$1452 an ounce. Oil slumped heavily for a second day with Goldman Sachs putting out a correction warning. WTI Oil Closed -$3.67 at $106.25 a barrel.

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