XAU Trading Outlook (20-04-2011)

Oil &amp Gold (XAU) traded briefly at $1500 an ounce for fresh record highs but pulled back from the key level as profit taking capped. Overall trading with a low of USD$1487 and high of USD $1500 before ending the New York session at USD$1495 an ounce. Crude was volatile falling sharply to $106 support before bouncing aggressively to $108. WTI Oil Closed +$1.03 at $108.15 a barrel.

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