XAU Trading Outlook Archive

Oil & Gold (XAU) Gold smashed through the $1600oz level on the pro QE3 Bernanke comments and continued sovereign risk out of Europe due to the Italian election uncertainty. OIL/USD fell back to $92 and found support again with the market continued to consolidate the… Read more

Oil & Gold (XAU) Gold is getting support from the increased sovereign risk as the hung Italian elections ratcheted up risk aversion. OIL/USD fell another $1 down to $92 where it consolidated ahead of the Bernanke Speech tonight which will focus on the US economy… Read more

Oil & Gold (XAU) Gold is getting support after heavy selling in previous 2 weeks with the Italian election uncertainty and fresh aggressive QE promises from Japan support the precious metals outlook. OIL/USD spent the day consolidating losses from Thursday finding support at the $93… Read more

Oil & Gold (XAU) Gold hit fresh year lows under $1560 before bouncing to $1580. OIL/USD fell sharply after breaking through key support at $95B on Wednesday and we hit $93B before stabilizing overnight.

Oil & Gold (XAU) Gold broke $1600oz and we saw heavy selling to $1560oz. The selling has continued to $1555 in the Asian session as the full impact of the FOMC minutes continues to directly impact the precious metal. OIL/USD crashed from above $97 straight… Read more

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… Read more

Oil & Gold (XAU) Gold selling accelerated after the G20 played down the currency wars. OIL/USD fell back sharply from $97.40 to $95.40 reacting to a dip in US January industrial production -0.1% vs. 0.2% forecast. Pairs to watch USD/JPY – Back to rally mode… Read more

Oil & Gold (XAU) Gold continued to be under pressure with support found near $1630 in Asia. OIL/USD remained supported on dips near $97 before stabilizing and closing $97.40.

Oil & Gold (XAU) Gold’s attempted rally was stopped twice at $1654 before reversing to $1640. OIL/USD consolidated the recent gains testing and closing above the $97 support.

Oil & Gold (XAU) Gold stabilized at $1643 support before bouncing to $1650 with reports of a North Korean Nuclear test supporting the alternate safe haven. OIL/USD broke resistance at $97.00 and heading towards $98 a barrel the 2013 highs.