XAU Trading Outlook (28-06-2011)

Oil &amp Gold (XAU) Gold tested support under $1500 before closing at the figure. Overall trading with a low of USD$1490 and high of USD $1505 before ending the New York session at USD$1500 an ounce. Oil is pivoting the $90 a barrel level with bulls and bears now fighting at a much fairer value. WTI Oil Closed -0.55 at $90.61 a barrel.

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