XAU Trading Outlook Archive

Oil & Gold (XAU) Gold is stuck in a $15 range under $1700oz with the recent underperformance not lost on analysts but selling has proven difficult in the last two years. OIL/USD finally gained some traction and is above $88 in Asian trade so far… Read more

Oil & Gold (XAU) Gold failed to take advantage of the USD weakness withdemand for the precious metal weak as demand for government bonds falls. OIL/USD spent the day in a $1 range between $85.30 and $86.30 but bulls will be happy the downside stopped… Read more

Oil & Gold (XAU) Gold enjoyed a rebound from the recent heavy selling and we traded as high as $1717 in the US session. OIL/USD fell even as stocks rallied and we traded to fresh month lows under $86.

Oil & Gold (XAU) Gold reclaimed $1700 but failed to close above the figure with sellers still in control for now. The NFP is another big mover for Gold so expect volatility post release. OIL/USD fell sharply down to $86 with the recent failures on… Read more

Oil & Gold (XAU) Gold was liquidated for another day falling from $1705 to $1685 in the US session overnight. OIL/USD closed under $88 in a bearish technical move for the energy which has failed multiple times above $89 in recent sessions.

Oil & Gold (XAU) Gold was bizarre overnight falling $20oz to break key $1700 support and leave the technical picture in disarray. Falling Bond Yields in Europe have reduced the alternative investment demand for Gold. OIL/USD struggled with US stocks and gold’s fall. Support was… Read more

Oil & Gold (XAU) Gold rebounded to $1720 but stalled and closed on a weak footing near $1711 support. OIL/USD tested $90 a barrel before falling back on profit taking from the key level.

Oil & Gold (XAU) Gold tapped out at key resistance near $1730 on Friday before pulling back to $1710. OIL/USD is well supported on dips targeting $90 a barrel which is a key topside resistance in the past month.

Oil & Gold (XAU) Gold managed to rally $4.60 in London to trade as high as high as $1732.10, but ended off highs as Egypt brokered a ceasefire between Israel and Hamas, to end the day near $1728.20. In similar fashion, Crude Oil managed to… Read more

Oil & Gold (XAU) Gold dropped aggressively from the open of the US session down $15oz in 30mins before stabilizing and closing at $1716. The uptrend is under threat and we need to break above $1738 soon or risk an even larger pullbacks. OIL/USD initially… Read more