XAU Trading Outlook (10-06-2011)

Oil &amp Gold (XAU) retested $1550 but failed to break above the key resistance for a third time in recent sessions. Overall trading with a low of USD$1533 and high of USD $1549 before ending the New York session at USD$1544 an ounce. Was well supported grinding higher on the OPEC disagreement news. WTI Oil Closed +1.19 at $101.93 a barrel.

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