XAU Trading Outlook Archive

Oil & Gold (XAU) Gold broke through the downside of the range as physical demand globally remained weak and then technical sellers hammered the precious metal lower to $1645. OIL/USD remained strong rebounding off a $95 test to rally all the way back to $97… Read more

Oil & Gold (XAU) Gold was volatile but held the recent range falling from $1680 to $1660 before rebounding back to $1683 and finally back to $1672. OIL/USD dropped with US stocks from $97 to $95.50 before stabilizing near $96 a barrel. The recent rally… Read more

Oil & Gold (XAU) Gold continued to trade it its recent $1660-$1685 range and closed near $1680 grinding back towards the key topside resistance. OIL/USD bounced off $95 to confirm the uptrend and close just under $97 resistance. Trend highs are just above at $98.20… Read more

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… Read more

Oil & Gold (XAU) Gold was supported on the spike in sovereign risk out of the EU overnight, able to gain towards $1675oz against the USD but also making heavy gains against the Euro. XAU/EUR received a lot of attention overnight soaring $20oz as the… Read more

Oil & Gold (XAU) Gold buyers were not afraid to react to the USD weakness post Jobs data on Friday but once again we have seen selling into the rally which peaked at $1682. OIL/USD was range bound between $97 and $98 closing at $97.50.

Oil & Gold (XAU) Gold fell from the $1675 handle in a technically damaging day for the precious metal. Buyers of Gold after the US GDP have been disappointed and the sharp selling over the last two days has put the bears back in control…. Read more

Oil & Gold (XAU) Gold surged after the GDP report showed the world’s largest economy had turned negative in Q4. Analysts were quick to point out that it would be hard to stop bond purchases with figures like that. Friday’s Nonfarm payrolls will take on… Read more

Oil & Gold (XAU) Gold was able to bounce off lows for small gains that where capped at $1666. Today’s FOMC announcement is extremely important for the precious metal. OIL/USD is perhaps the strongest trend in the market with buyers pushing through resistance daily. Overnight… Read more

Oil & Gold (XAU) Gold eased another leg overnight but the losses are slowing as we have fallen from $1695 to $1655 in the last week. OIL/USD is strong continuing to gain on US data and outpace the resurgent USD.