XAU Trading Outlook Archive

Oil & Gold (XAU) Gold fell sharply to $1625 but found support and finished mixed close to the key $1640 level. OIL/USD fell over $2 a barrel with the fall in European and US stocks reversing Friday’s rally.

Oil & Gold (XAU) Gold spent the whole day in a $5 dollar range above $1640 and is waiting for further inspiration. OIL/USD rallied with stocks and the Euro up above $104 and near $105 before easing into the weekend. The $105 level is a… Read more

Oil & Gold (XAU) new week lows overnight reversed overnight with a large rally back to $1650 before settling back to opening levels. OIL/USD fell down to $102 before rallying to the close strong sitting just above $103.

Oil & Gold (XAU) Gold was heavy falling slowly all day down to $1640 an ounce. Oil also weakened with the market coming reversing the week’s rally quickly.

Oil & Gold (XAU) Gold was volatile dipping sharply before reversing back to open levels at $1650 an ounce. Oil continued to rally tracking the stock market and weak USD up to $105 before easing slightly into the close.

Oil & Gold (XAU) Gold was mixed pivoting the $1650 level consolidating the recent rally.Oil selling came in hard at the start of the US session but the market found support at $102 and we reversed closing above $103.

Oil & Gold (XAU) Gold was dragged lower as the USD strength outpaced safe haven demand from riskier government debt. The outlook is mixed with Gold strength better expressed against the Euro going forward.Oil came under pressure as China GDP slowed and Iran started talks… Read more

Oil & Gold (XAU) Gold continued higher this time on USD weakness but traders have to be careful with each gain leading to a pullback before new buyers emerge.Oil Pushed towards $104 but failed to break the level and came under pressure in Asia after… Read more

Oil & Gold (XAU) consolidated above the $1653-$1660 and we are looking to grind higher as the US Fed speakers support.Oil surged with positive stocks and weak USD back to $103 with the $100 test going to have to wait as buyers took back control… Read more

Oil & Gold (XAU) Gold dipped in Europe but when support was found we reversed direction sharply to fresh day highs above $1660. Oil was sold back to $101 but support was found and $100 has not been tested yet.