XAU Trading Outlook Archive

Oil & Gold (XAU) Gold was very quiet in holiday markets yesterday sticking to a $5 range for most of the day under $1650.Oil dipped to $101 before finding support and rallying to fresh day highs above $102.50.

Oil & Gold (XAU) Gold gained as the bad US jobs data suggested a loose money policy from the US for some time to come.Oil is under pressure and heading to $102 as Iran seeks to reestablish talks with the US as sanctions take its… Read more

Oil & Gold (XAU) Gold fell back for a second day falling on USD strength before finding support near $1610. Oil crashed to $101 fresh multimonth lows before bouncing back above $102.

Oil & Gold (XAU) Gold crashed lower post FOMC falling to $1640 from $1680 earlier.Oil was calmer falling below $104 in quiet trade with US monetary policy not as important as global growth.

Oil & Gold (XAU) Gold pushed up to its next level near $1684 with the $1700 now looming as significant resistance. Oil Rallied with the rest of the market pushing higher on USD weakness and expectations that global manufacturing was rebounding.

Oil & Gold (XAU) Gold was quiet in a $10 range between $1660-70 and closed at the top end. Oil rallied to $104 in the US session before plummeting to below $103 in aggressive trade.

Oil & Gold (XAU) Gold took a third leg lowerto dip below $1650 before USD weakness later in the allowed a move back to $1663 resistance. Oil fell sharply near $3 a barrel with the downtrend spooking the buyers and sending them fleeing for the… Read more

Oil & Gold (XAU) Gold fell for a second day back to $1760 support before bouncing and consolidating just above the key support. Oil was the biggest mover crushed lower after talk the US is considering releasing strategic reserves and the Iran story started to… Read more

Oil & Gold (XAU) Gold tested $1700 before reversing with the rest of the market and the failure could prompt a second day of profit taking. Oil ended roughly unchanged in choppy trade closing just under $107.

Oil & Gold (XAU) Gold soared as the QE3 door reopened and is the most bullish news the precious metal could have received with it trading now back above $1680. Oil struggled to take full advantage of the bullish stocks and weak USD as the… Read more