XAU Trading Outlook (02-06-2011)

Oil &amp Gold (XAU) soared for a test of $1450 and although selling pressure came later did well to hold daily gains against the USD. Overall trading with a low of USD$1529 and high of USD $1550 before ending the New York session at USD$1540 an ounce. Oil tracked US stocks to test $100 a barrel. WTI Oil Closed -2.40 at $100.29 a barrel.

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