XAU Trading Outlook Archive

Oil & Gold (XAU) was volatile falling to $1650 before reversing to $1690 new highs for the rally on the QE3 still happening in September comments from analysts. OIL/USD tracked stocks higher and nearly tested $97 at the height of the rally.

Oil & Gold (XAU) Gold was quiet in a $10 range around $1660 with the risk event tonight traders will be waiting for clarification from the US FED Chief on the bond buying programs. OIL/USD broke below $95 as sentiment turned sour in the US… Read more

Oil & Gold (XAU) Gold fell sharply to $1655 as profit takers booked more trades from the recent run. OIL/USD fell back as commodities in general retreated. Support was found at $95 the same level as Monday’s trade.

Oil & Gold (XAU) continued to consolidate at the recent highs finding support at $1660 and resistance above $1670 overnight. OIL/USD was supported by tropical storms in the US and stable stock markets.

Oil & Gold (XAU) Gold topped out and reversed under heavy selling pressure with longs booking profit from the recent sharp rally higher. OIL/USD was aggressive on the downside with the market free falling from $97 to $95 in one hour during the US open.

Oil & Gold (XAU) Gold consolidated before pushing to fresh week highs above $1675 in the US session Friday with its recent strength seemingly unstoppable. OIL/USD was strong reversing the Thursday’s losses to reclaim $97 in strong trade. Middle Eastern tensions and Storms in the… Read more

Oil & Gold (XAU) Gold kicked higher in relentless one way buying overnight with little pullbacks so far in the recent rally. Technical’s are overbought but selling is extremely dangerous as gold can overextend in dramatic fashion once a new trend emerges. OIL/USD finally reversed… Read more

Oil & Gold (XAU) XAU/USD continued its technical break higher surging to $1665 so far in the Asian session with the printing presses in the US and Europe close to printing more money and increasing demand for the precious metal. OIL/USD continued to be well… Read more

Oil & Gold (XAU) XAU/USD gold soared on ECB Bond buying talk with is equivalent to US QE and could devalue the Euro. OIL/USD soared to $97.50 before easing as profit takers took control of the market. Traders will be watching the FOMC minutes and… Read more

Oil & Gold (XAU) XAU/USD broke above $1620 but topside was limited above closed just under the figure. OIL/USD consolidated the recent gains finding support on a dip towards $95 a barrel.