XAU Trading Outlook Archive

Oil & Gold (XAU) Gold has been collapsing in the last two sessions falling to $1755 on Friday and then $1740 so far in Asia today. Longer term Bulls are getting worried about the ability for buyers to absorb this amount of selling.

Oil & Gold (XAU) Gold was strong gaining $10oz back to $1770. Oil gained on the USD weakness back above the $92 a barrel level. The outlook for most commodities is quite strong given the very loose monetary policies around the world.

Oil & Gold (XAU) Gold struggled in the Strong Dollar environment. Oil pulled back slightly but is supported above $90 by Turkish/Syrian and Israeli/Iran tensions.

Oil & Gold (XAU) Gold broke down below $1770 briefly in the European session before edging back to $1775 in stable trade. Oil was subdued with the US traders away and we closed just under the $90 a barrel. Global growth concerns are mounting and… Read more

Oil & Gold (XAU) Gold broke down below $1770 briefly in the European session before edging back to $1775 in stable trade. Oil was subdued with the US traders away and we closed just under the $90 a barrel. Global growth concerns are mounting and… Read more

Oil & Gold (XAU) Gold fell sharply from the $1800 level after the better than expected US jobs dampened demand for the precious metal. Oil couldn’t hold on to the $90 level and we fell back with US stocks late on Friday night. The outlook… Read more

Oil & Gold (XAU) Gold began its advance towards the November 2011 highs $1800. The Bond buying talk from the ECB and expectations of subdued US jobs tonight is creating a perfect environment for Gold Strength. Oil rebounded aggressive with traders caught short after the… Read more

Oil & Gold (XAU) Gold is edging higher and higher testing the resistance above $1780. Weak NonFarm Jobs on Friday will help XAU/USD test the critical $1800. Oil was a big mover overnight falling sharply $3 to $88 a barrel as a US report showed… Read more

Oil & Gold (XAU) Gold was very quiet in a $10 range pivoting the $1780 level. The market may test for $1800 if US data misses. OIL/USD eased but not dramatically to $91.50.

Oil & Gold (XAU) Gold traded at fresh year highs above $1790 but reversed lower later on profit taking flows. OIL/USD bounced with US equities back above $92 a barrel and better positioned to attempt a move higher after finding support near $90 in recent… Read more