XAU Trading Outlook Archive

Oil & Gold (XAU) Gold consolidated gains overnight with a tight range back to $1610 before bouncing to close at $1620. OIL/USD bounced back to $85 tracking the stocks and Euro.

Oil & Gold (XAU) Gold consolidated gains overnight with a tight range back to $1610 before bouncing to close at $1620. OIL/USD bounced back to $85 tracking the stocks and Euro.

Oil & Gold (XAU) Gold was the biggest mover on Friday with the weak US jobs leading to QE3 talk and we saw move above $1600 to $1630 for an $80 an ounce move. OIL/USD Oil is under heavy selling pressure with the global manufacturing… Read more

Oil & Gold (XAU) the XAU/USD pivoted the $1560 level testing $1570 a few times overnight before falling back to close unchanged. OIL/USD is continuing to break down falling towards $85 with support struggling to be found.

Oil & Gold (XAU) Gold fell in Europe before staging a sharp rally later in volatile trade closing at $1560. OIL/USD broke $90 a barrel and continued to fall to $88.

Oil & Gold (XAU) Gold fell heavily back to $1550 overnight after failing again near $1580. OIL/USD rejected $92 overnight and we fell back to $90 and it is under pressure in Asia today as well with sentiment continuing to sour.

Oil & Gold (XAU) Gold rallied above $1580 before falling back to opening levels at $1570 where trading was closed for the US session.OIL/USD managed a small rally back above $91 but is subdued.

Oil & Gold (XAU) Gold staged a rally from a dip to $1560 up to $1575 resistance in a bullish close. OIL/USD is recovering from its dip below $90 and is now the front foot now at $91.75 in Asia on Monday targeting the $93… Read more

Gold (XAU) reflected general market sentiment and USD momentum, managing to trade as low as 1551.40 an ounce, bouncing to levels above 1578, before pairing much of those gains heading into Friday Asian trade.

Gold (XAU) whipped about trading just shy of last week’s 1527 base to a level of 1533, before talk of possible QE3 out of the US managed to push the precious metal back near 1558.