XAU Trading Outlook (20-05-2011)

Oil &amp Gold (XAU) Gold failed at $1500 and pulled back under $1490 briefly in quiet trade. Overall trading with a low of USD$1486 and high of USD $1500 before ending the New York session at USD$1495 an ounce. Oil slipped back below $100 a barrel on profit taking weakness. WTI Oil Closed -$1.66 at $98.40 a barrel.

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