XAU Trading Outlook (01-03-2013)

Oil & Gold (XAU) Gold was sold for a second day in a worrying sign for the bulls caught long after the recent break above $1600oz. USD strength and persistently strong US data has seen a change in sentiment towards Gold. OIL/USD was sold aggressively form $93 to $91.50 supports as the US stocks fell late on US budget gridlock concerns.

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