XAU Trading Outlook Archive

Oil & Gold (XAU) the XAU/USD is being liquidated as investors flee to cash while the uncertainty remains. The precious metal is below $1600 and heading lower in the Asian session. Oil resumed the heavy selling seen on Friday and we are retesting $97 a… Read more

Oil & Gold (XAU) the XAU/USD was the in a tight range between $1640 and $1635 for most of the day waiting for inspiration. OIL/USD bounced to 98.20 as the selling subsided and bargain hunters entered the market after a two day $8 a barrel… Read more

Oil & Gold (XAU) XAU/USD is being kept contained as the EUR/USD led Dollar strength pulls the precious down while the sovereign risk from the change in European government is supporting. OIL/USD Crashed on Friday and continued on Monday breaking below $100 a barrel and… Read more

Oil prices plunged to 102.21 from 104.93 dollars a barrel. Gold (XAU) dropped to 1635.73 from 1651.90 US dollars an ounce. Against the euro, gold plummeted to 1243.87 from 1257.37 euro an ounce. Silver (XAG) moved down to 30.1163 from 30.5878 dollars an ounce.

Oil & Gold (XAU) XAU/USD dipped below $1650 briefly overnight as the USD strengthened but we closed back above the level. OIL/USD fell with the rest for the market but found support at $105 and is quite calm lately.

Oil & Gold (XAU) Gold was volatile overnight falling from $1670 to below $1660 quickly after the positive US data. The outlook for the precious metal is mixed with tonight’s ADP report offering clues for Fridays NFP. OIL/USD finally broke above $105 and is well… Read more

Oil & Gold (XAU) Gold fell sharply $15oz on the Chicago PMI but then rebounded back above $1660 in a surprisingly bullish move. OIL/USD remained in the $104 vs. $105 range as we waited for fresh inspiration.

Oil & Gold (XAU) Gold moved higher to the next technical level at $1663 as the USD weakness encouraged buyers to get more aggressive on Friday. OIL/USD was strong but failed to break the psychological resistance at $105 a barrel instead closing just under the… Read more

Oil & Gold (XAU) Gold was strong moving up to $1660 before consolidating in a tight range. OIL/USD was very quiet under $105 but supported on dips.

Oil & Gold (XAU) Gold fell sharply then rallied even more sharply last night back above $1640 and is testing $1650 in Asian trade Thursday. OIL/USD pushed higher with stock markets and is expected to test $105 again in coming sessions.