XAU Trading Outlook Archive

Oil & Gold (XAU) Gold fell back sharply as the USD rallied and we saw a move from $1780 back to $1765 threatening the uptrend. OIL/USD was not immune to the broad risk off environment and fell back to $91 a barrel.

Oil & Gold (XAU) Gold surged from $1750 to $1780 in a very bullish day of trade with $1800 squarely back in view. OIL/USD was strong climbing $2 a barrel to $92.50.

Oil & Gold (XAU) Gold Slipped sharply to $1740 before staging a rally to $1755 by the end of the US session. OIL/USD tested support at $90 before closing just above the figure in another day of bearish trade.

Oil & Gold (XAU) Gold rallied to $1770 before reversing back to support at $1760 and technically negative trade. OIL/USD is under pressure tracking US stocks lower to below $91 and in striking distance of the key $90 a barrel.

Oil & Gold (XAU) Gold was heavy for a second day as longs liquidated after reaching fresh highs on Friday night. Support was found under $1760 and we closed at $1765. OIL/USD fell to $92 but held up better than most commodities.

Oil & Gold (XAU) Gold hit fresh highs above $1785 before reversing sharply on rumors of increased margin requirements from the CME Gold exchange. These have since been dismissed but the precious metal fell $20oz and has opened weak in Asia Monday. OIL/USD finished roughly… Read more

Oil & Gold (XAU) Gold sellers hit support at $1756 twice before reversing back to $1770. OIL/USD rallied slightly up to $93 but is cautious after the heavy losses in the last few days.

Oil & Gold (XAU) Gold hit fresh rally highs above $1780 but was unable to hold onto the gains and fell back to $1770. OIL/USD was crushed lower for a second day after US inventories rose by more than expected and Saudi Arabia announced it… Read more

Oil & Gold (XAU) Gold returned to the uptrend trading back to $1770. OIL/USD fell back with US stocks to $95 a barrel again but quickly found support and is well bid back above $96.

Oil & Gold (XAU) Gold reversed from recent highs as the rally stalled. OIL/USD snapped lower in 1 min falling $3 a barrel and has led to an investigation of the price action by the SEC in the US. Support was found at $95 before… Read more