XAU Trading Outlook (19-05-2011)

Oil &amp Gold (XAU) Gold pushed higher towards the key $1500 level which has proven a pivot point between strength and weakness in recent. Overall trading with a low of USD$1484 and high of USD $1500 before ending the New York session at USD$1498 an ounce. Oil led the commodity bounce overnight up over $3 a barrel. WTI Oil Closed +$3.19 at $100.10 a barrel.

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