XAU Trading Outlook Archive

Oil & Gold (XAU) XAU/USD was strong in quiet trade above $1615oz but unable to break $1620. OIL/USD continued to surge with some analyst’s pointing to the increasing Iran/Israel tensions being the main catalyst. Resistance is next seen at $98 and then $100 a barrel… Read more

Oil & Gold (XAU) XAU/USD enjoyed the USD weakness to push higher towards $1615. OIL/USD broke $95 in strong trade with the key level now broken traders will look to the $100 a barrel level next.

Oil & Gold (XAU) XAU/USD was volatile falling to $1590 before surging in the US session to $1606 after weak US CPI (Inflation) left the door open for possible FED Action. Recent strong US data however is creating downside pressure on the XAU/USD with the… Read more

Oil & Gold (XAU) XAU/USD fell for a second day on the QE3 questioning after the strong US retail data. OIL/USD was steady at $93 with the strong US data not a negative for the energy commodity.

Oil & Gold (XAU) XAU/USD fell back in a disappointing day for the bulls who hoped last week’s break of $1618 signaled more gains. OIL/USD was steady still well supported on the dip as the bulls remained in control of the energy.

Oil & Gold (XAU) XAU/USD finally pushed above $1620 after stalling for most of the week at the key $1618 resistance. OIL/USD dipped to $92 on Chinese slowdown reports before reversing back above $93 on fresh Chinese Stimulus talks.

Oil & Gold (XAU) Gold is close to the $1618 resistance but has still not broken the key level in last 3 weeks. OIL/USD was very quiet in a $93-$94 range.

Oil & Gold (XAU) Gold is strong up near resistance at $1618 and threatening to break higher as the lows get higher. OIL/USD rallied again up to $94.50 before profit taking once again sent the energy back to opening levels near $93.50.

Oil & Gold (XAU) the precious metal continued its rally to $1618 before easing back to $1610 as the rally ran out of steam. OIL/USD overextended itself to the topside surging to $94.50 before reversing back to the lower $93 levels on wide spread profit… Read more

Oil & Gold (XAU) Gold pushed higher through its next resistance at $1611 before closing at the technical level. $1630 is the next major level and the top of many recent rallies in the last 3 months. OIL/USD is ramping up for a further leg… Read more