XAU Trading Outlook (31-05-2011)

Oil &amp Gold (XAU) was quiet but edged higher towards $1540. Overall trading with a low of USD$1534 and high of USD $1539 before ending the New York session at USD$1538 an ounce. Tested and found support under $100 a barrel. WTI Oil Closed -$0.20 at $100.40 a barrel.

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