XAU Trading Outlook (06-02-2013)

Oil & Gold (XAU) Gold rallied and tested stubborn resistance at $1685 before reversing back to the lower $1670 region. The daily lows are getting higher but we have failed to break $1685 on three occasions now so the technical are unclear. OIL/USD rallied to $97 before consolidating between the figure and $96.50.

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