XAU Trading Outlook (30-03-2012)

Oil & Gold (XAU) Gold took a third leg lowerto dip below $1650 before USD weakness later in the allowed a move back to $1663 resistance. Oil fell sharply near $3 a barrel with the downtrend spooking the buyers and sending them fleeing for the exit. Support was found at $102 before rebounding to $103.

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