XAU Trading Outlook Archive

Oil & Gold (XAU) Gold took advantage of the USD weakness to break above $1670 and be well positioned to test higher once again. Oil tracked the stocks higher hitting $94.70 a barrel before easing back to the figure.

Oil & Gold (XAU) Gold briefly broke above resistance at $1660 but there was little follow through and we eased back to $1655 in the US session. The outlook is mixed with FOMC speakers later today hopefully casting further light on last week’s FOMC minutes…. Read more

Oil & Gold (XAU) Gold was strong all day grinding back to $1660 with buyers tentatively returning to the market after last week’s ravaging to the downside. Oil spent most of the day above $93 in quiet trade consolidating recent gains.

Oil & Gold (XAU) Gold started the day strong breaking above $1660 before once again faltering and we have ended mixed at $1645. Oil was quiet but remained above $93 consolidating recent gains.

Oil & Gold (XAU) Gold traded in a wild range down to fresh trend lows under $1630 before rebounding after the US Jobs Data back above $1650. Oil traded back towards $93 resistance as ‘risk on’ trading conditions remained.

Oil & Gold (XAU) Gold was crushed lower as the market responded to the hawkish change in FED tone and US Bond Yields. Support at $1660 was broken in Asia and we have fallen back to $1645oz so far. Oil came off highs above $93… Read more

Oil & Gold (XAU) Gold is back on the front foot after finding supportlast week is grinding higher taking advantage of USD weakness. Oil is soaring as well, above $92 a barrel now in multiple dollar gains over the last few sessions.

Oil & Gold (XAU) Gold is back on the front foot after finding support last week is grinding higher taking advantage of USD weakness. Oil is soaring as well, above $92 a barrel now in multiple dollar gains over the last few sessions.

Oil & Gold (XAU) Gold managed a small relief rally after putting in a technical double bottom near $1636 last week. Resistance was found at $1666. Oil has been surging higher on hopes Japanese stimulus will flow into Oil demand. OIL/USD broke above $90 and… Read more

Oil & Gold (XAU) Gold finally moved to the downside falling $1660 a previous strong support before recovering some of the losses. Oil found strong support under $88 and we closed the day at opening levels.