XAU Trading Outlook Archive

Gold (XAU) was subjective to selling interest in early Europe, as market looked to its previous night failure to break 1600 as a technically negative, taking out a key Fibonacci number of 1582 on the downside, setting a new weekly low of 1562. XAU continued… Read more

Gold (XAU) found heavy resistance at $1599 during the trading day, unable to break above a key $1600 an ounce level. $1599.00 reflects a 50% Fibonacci retracement level of the $1671 (May 1st high) to $1527.10 (May 16th low) decline, with 38.2% Fibonacci level coming… Read more

Gold (XAU) was the biggest gainer, consolidating on its previous day 2.5% rally, posting another 1.1% ($17) gain. Flight to safety ensured XAU remained in demand, whilst a late Friday reversal in a weaker USD did little to contain the buoyancy in the precious metal,… Read more

Oil fell to 91.60 dollars a barrel from 93.86. Gold (XAU) edged higher to 1579.78 dollars an ounce from 1542.55 and against the euro itedged higher to 1239.69 euro an ounce from 1210.86. Silver (XAG) advanced to 28.30 dollars an ounce from 27.40. Stay in… Read more

Oil & Gold (XAU) XAU/USD fell to fresh cycle lows under $1530 an ounce but was caught up in the market wide rebound back to $1550. OIL/USD bounced but was only able to get back above the $93 level.

Oil prices dropped to 92.97 – a level last seen in December 2011 – from 93.93 dollars a barrel. Gold (XAU) plunged to 1543.00 – a fresh 5-month low – from 1558.34 US dollars an ounce. Against the euro, gold dived to 1213.08 from 1214.04… Read more

Oil & Gold (XAU) XAU/USD fell sharply on banking concerns with demand for cash high. Support was eventually seen at $1555. OIL/USD continued to be sold off breaking $95 and falling to $93.

Oil & Gold (XAU) XAU/USD fell to fresh lows on Friday near $1575 before finding support and is attempting to rally in Asia so far in Monday trade back towards $1585. OIL/USD tested 97.00 before reversing lower and closing near $95.70.

Oil & Gold (XAU) the XAU/USD reversed to $1600 before falling back to $1590. OIL/USD rallied to $97.50 before once again easing back to opening levels near $96.50 with the market hesitant to trade in any fresh direction in the last few days.

Oil & Gold (XAU) the XAU/USD hit fresh 4 month lows yesterday breaking $1600 to hit $1580 in the US session before bouncing into the close. OIL/USD fell to $95.25 before rebounding with US stocks back above $96 and is consolidating the large losses.