XAU Trading Outlook (21-06-2011)

Oil &amp Gold (XAU) tested higher but fell back to opening levels in quiet trade. Overall trading with a low of USD$1533 and high of USD $1546 before ending the New York session at USD$1539 an ounce. Oil bounce bank above the 200 DMA in a sharp reversal of sentiment. WTI Oil Closed +1.70 at $94.10 a barrel.

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