XAU Trading Outlook (25-07-2011)

Oil &amp Gold (XAU) Gold surged into the weekend on US debt concerns. Overall trading with a low of USD$1583 and high of USD $1608 before ending the New York session at USD$1601 an ounce. Oil tested $100 again but the key level held and is a natural big figure resistance. WTI Oil Closed +$0.70 at $99.70 a barrel.

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