XAU Trading Outlook (14-09-2012)

Oil & Gold (XAU) Gold was a major beneficiary of the US FED announcements and we saw a large rally to above $1770 from $1720 just prior. Gold is extremely overbought but has shown the ability to continue higher. OIL/USD is making a charge to $100 a barrel on the back of the weak USD and strong stock market. Currently at $99.40 in Asian trade Friday.

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