XAU Trading Outlook (19-02-2013)

Oil & Gold (XAU) Gold consolidated loses and bounced up to $1618oz before sellers took control and we eased back to $1610oz and closed on weak footing. OIL/USD was quiet in a 70 pip range with the US traders away who generally provide most of the movement. Support at $95.30 has held on 3 occasions and is now the key short term support.

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