XAU Trading Outlook (04-08-2011)

Oil &amp Gold (XAU) popped above $1670 before reversing back to $1660 where support was found and the precious metal closed. Overall trading with a low of USD$1651 and high of USD $1673 before ending the New York session at USD$1661 an ounce. Oil fell further unable to break the downtrend. WTI Oil Closed -$1.86 at $91.93 a barrel.

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