XAU Trading Outlook (12-05-2011)

Oil &amp Gold (XAU) Gold reversed sharply back under $1500 but found support to close just above the key level. Overall trading with a low of USD$1495 and high of USD $1527 before ending the New York session at USD$1507 an ounce. Crude Oil was once again on the move falling 5.5% back through $100 a barrel. WTI Oil Closed -$5.67 at $98.21 a barrel.

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