XAU Trading Outlook Archive

Oil & Gold (XAU) Gold is under pressure from the resurgent USD and US economy. Recently we have seen the precious metal discount the global QE which had supported Gold recently. OIL/USD did better than most against the USD above to gain slightly as the… Read more

Oil & Gold (XAU) Gold reacted negatively to the strong US economic data with risk appetite unable to match increased demand for the Dollar itself. Oil was relatively quiet overnight gaining to $96 with strong US data suggesting the world’s largest economy and consumer of… Read more

Oil & Gold (XAU) Gold pulled back after failing to break above $1700 over the last week of trade. We may see more range trading but the risk is still to the topside as central banks all intensify their extraordinary easing measures. Oil suffered from… Read more

Oil & Gold (XAU) XAU/USD was strong but contained under the key $1700 psychological resistance. Recent central bank decisions to increase QE is helping Gold remain elevated. Oil had no issue trending higher tracking the US stock market rally.

Oil & Gold (XAU) XAU/USD remained in a $5 range orbiting around the $1690 level. Oil continued to grind higher breaking above $96 for fresh trend highs.

Oil & Gold (XAU) XAU/USD spent the day consolidating Thursday’s gains with $1695 keeping the topside of the market in check. Oil was more buoyant but failed to break above $96 with the market overbought in the short term.

Oil & Gold (XAU) XAU/USD had a very volatile trading day with a break to the downside proving a false break before a sharp rally to test $1700oz by the end of the US session. Oil resumed its uptrend breaking above $95 and testing $96… Read more

Oil & Gold (XAU) XAU/USD trading range continued to compress overnight indicating that a break out is imminent. Topside strong resistance at $1685. Oil bucked the rest of the market to continue with its uptrend solo overnight. Resistance was found above $94.20 and traders will… Read more

Oil & Gold (XAU) Gold popped higher overnight on the back of Platinum which overtook Gold in price hitting $1699oz overnight after a 6 day rally. Oil eased back with the general profit taking feel overnight but remains well supported above $93 a barrel.

Gold (XAU) continues to slide versus the dollar (USD) trading just below its daily moving average at 1666, Gold has seen a drop in demand lately as investors look into more risky asset purchases and higher returns.