XAU Trading Outlook (26-05-2011)

Oil &amp Gold (XAU) Consolidated the recent rally but failed to break above $1530 resistance. Overall trading with a low of USD$1521 and high of USD $1532 before ending the New York session at USD$1526 an ounce. Oil rallied above $100 with topside momentum increasing. WTI Oil Closed +$1.73 at $101.32 a barrel.

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