XAU Trading Outlook Archive

Oil & Gold (XAU) Gold continued a pullback for the second day with the USD strength overwhelming the safe haven demand for the precious metal. The outlook is for more range trading with buyers waiting for support before once again attempting to break $1630oz. OIL/USD… Read more

Oil & Gold (XAU) Gold rejected Wednesday’s high and fell quickly back to $1600 as the USD soared on EUR/USD selling. OIL/USD was volatile hitting new rally highs to $89 before reversing to $87 with US stocks and USD strength. The recent rally has to… Read more

Oil & Gold (XAU) Gold remained strong supported on dips to $1612 finishing roughly unchanged near $1620. OIL/USD eased a little bit as profit taking emerged after the $10 a barrel rally in previous few days. Support was found at $86.50.

Oil & Gold (XAU) Gold kicked higher to $1620 with commodities all enjoying substantial gains as investor risk appetite picked up. OIL/USD broke above $85.00 and rallied to $88.00 before stabilizing at $87.50. Fresh Iran fears and ongoing Norway Strike is affecting production.

Oil & Gold (XAU) was caught in a $10 range below $1600 as the market consolidated the move higher on Friday. The market is eye key resistance slightly higher at $1607. OIL/USD fell back to $82.00 before reversing sharply back to $85 in volatile trade.

Oil & Gold (XAU) Gold was dramatic as always rallying to $1600 as the USD was sold across the board. The tempering of EU Debt fears may reduce demand going forward though for the precious metal. OIL/USD was strong surging $5 a barrel as the… Read more

Oil & Gold (XAU) Gold gained slightly but was very quiet ahead of the EU summit which will focus on saving Spain and dramatically the Eurozone Bond prices. Bonds and Gold compete for safe haven flows and any drop in confidence in Eurozone bonds should… Read more

Oil & Gold (XAU) XAU/USD fell overnight even with the fairly weak USD as the market fell back to Monday levels near $1570. OIL/USD was basically unchanged after testing the downside and finding support at $78.50 which is a positive sign given the lows are… Read more

Oil & Gold (XAU) Gold reversed higher overnight bucking the strong USD as the Eurozone debt crisis once again festered and investors flooded into the safe haven and alternative investment in the precious metal. OIL/USD fell from $80 to $78 before recovering to $79 as… Read more

Oil & Gold (XAU) Gold was hammered lower by the combination of no new US stimulus and the growing optimism a solution for the European debt crisis may be found. OIL/USD broke below $80 and fell to $78 before the extremely oversold conditions capped any… Read more