XAU Trading Outlook (13-05-2011)

Oil &amp Gold (XAU) dipped below $1500 but found support and closed at opening levels. Overall trading with a low of USD$1478 and high of USD $1507 before ending the New York session at USD$1503 an ounce. Volatility continued with support at $95 found before rallying briefly above $100 in the US session. WTI Oil Closed +$078 at $98.97 a barrel.

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