XAU Trading Outlook (14-11-2012)

Oil & Gold (XAU) Gold dipped below $1720 before bouncing back above $1730 in the US session before settling into the close of trade. Gold topside is in view but buyers will get impatient at the lack of progress soon. OIL/USD has been extremely weak in the last few sessions with overnight’s no exception struggling to fund support under $85. The slowing global economy forecast 2013 is weighing.

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