XAU Trading Outlook Archive

Oil & Gold (XAU) Gold tumbled along the $1775 level for most of the day in quiet but strong trade. OIL/USD briefly hit $100 a barrel on Friday before we saw heavy profit taking from the key psychological level.

Oil & Gold (XAU) Gold was a major beneficiary of the US FED announcements and we saw a large rally to above $1770 from $1720 just prior. Gold is extremely overbought but has shown the ability to continue higher. OIL/USD is making a charge to… Read more

Oil & Gold (XAU) XAU/USD rocketed to $1746 before rolling over in the US session a falling back to $1730 supports. The FOMC will likely move the XAU/USD up/down at least $20oz if recent history is any guide. OIL/USD rallied to $98 but ran out… Read more

Oil & Gold (XAU) XAU/USD consolidated in the recent highs capped at $1740 and supported at $1730. OIL/USD was capped at $97 and eased back to $96.50 in quiet trade.

Oil & Gold (XAU) XAU/USD eased back $10oz to find support at $1725 as profit taking hit markets broadly. OIL/USD found support on a dip below $96 and closed back above the figure.

Oil & Gold (XAU) Gold jumped over $40oz after weak US jobs data cemented QE3 expectations. Anything but QE3 will greatly disappoint the bulls prompt a sharp pullback. OIL/USD rallied with US stocks and risk appetite to $96 a barrel. A break of $98 may… Read more

Oil & Gold (XAU) Gold broke above $1700 before the ECB announced their Bond buying program. We had a buy the rumor sell the fact situation yesterday as we fell from $1715 back $1695. OIL/USD was volatile testing $97 in Europe before reversing aggressively to… Read more

Oil & Gold (XAU) Gold is still holding at highs with buyers supporting under $1690 and sellers capping at $1700. OIL/USD was volatile finding support at $94.50 before bouncing above $96 a barrel. The outlook is very mixed for Oil but the recent uptrend should… Read more

Oil & Gold (XAU) Gold remained in a tight range at recent highs with traders buying on ECB bond buying speculation but are not yet strong enough to break $1700. OIL/USD fell back with risk off trade down to $95 a barrel supports.

Oil & Gold (XAU) Held on to gains and crept higher to $1695 before consolidated in quiet US trade. OIL/USD resumed its uptrend breaking above $97 in late US trade.