XAU Trading Outlook (23-06-2011)

Oil &amp Gold (XAU) broke resistance in Europe trading up to $1558 and taking out stops before reversing back under the figure post FOMC. Overall trading with a low of USD$1541 and high of USD $1558 before ending the New York session at USD$1545 an ounce. Oil fell on the weaker FED growth forecasts for the world&amp rsquo s largest user. WTI Oil Closed -1.20 at $94.21 a barrel.

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