XAU Trading Outlook Archive

Oil & Gold (XAU) Gold was supported on safe haven demand as Eurozone bonds collapsed and this countered the USD strength to leave the precious metal roughly unchanged at that $1580 level. OIL/USD large rally last week was reversed from $93 to $91 per barrel… Read more

Oil & Gold (XAU) Gold is showing some two way action with support at $1575 and resistance at $1585. OIL/USD showed no letup accelerating gains up to $93 overnight with sellers getting steamrolled in recent sessions.

Oil & Gold (XAU) Gold fell overnight bucking the trend of Oil and weak USD and is trading in a well-established range for the last few weeks between $1600 and $1560. OIL/USD pushed higher to $90 a barrel with traders tracking stocks higher continuing the… Read more

Oil prices rose to 87.79 from 86.75 dollars a barrel. Gold (XAU) remained flat around 1590 US dollars an ounce. Against the euro, gold dropped to 1295.05 from 1297.51 euro an ounce. Silver (XAG) moved up to 27.3655 from 26.9700 dollars an ounce. Stay in… Read more

Oil & Gold (XAU) Gold rallied as speculation mounted the US central bank will do more to stimulate the US economy and this would weaken the Greenback. OIL/USD rallied to $87 with stocks and positive mood and likely to continue higher in the new contract… Read more

Oil & Gold (XAU) Gold was pressured lower with the USD strength beating safe haven demand from weak European bonds. Support is seen at $1564 and $1550. OIL/USD was strong bucking other assets to rally to $86 a barrel.

Oil & Gold (XAU) Gold was pressured lower with the USD strength beating safe haven demand from weak European bonds. Support is seen at $1564 and $1550. OIL/USD was strong bucking other assets to rally to $86 a barrel.

Oil & Gold (XAU) consolidated the big fall from $1600 able to rally briefly bounce above $1580 but is looking heavy and sentiment is turning against the precious metal. OIL/USD was stronger bucking the trend of other assets with the recent sell off overdone and… Read more

Oil & Gold (XAU) XAU/USD reversed hard from the $1600 level falling to $1565 before stabilizing in a technically weak move for the precious metal. OIL/USD was under pressure for most of the day as the Norway strike and weak Chinese data inspired fresh selling…. Read more

Oil & Gold (XAU) XAU/USD bounced recovering some of the losses from the previous 2 days back to $1590. OIL/USD fell sharply after Norway announced the strike was over and this should create some downside pressure on both Brent and Crude Oil. Key Support at… Read more