XAU Trading Outlook Archive

Oil & Gold (XAU) fell heavily on the USD strength down to $1630 and looking heavy now recent lows have broken. Oil traded with the rest of the market under profit taking pressure falling back to $105.40.

Oil & Gold (XAU) Gold kept quiet overnight with the $1650-60 range holding firm and the market ending unchanged. Oil was bullish after bouncing off $106 closing above $107.

Oil & Gold (XAU) Gold is continued to trade sideways near $1650 waiting for the next inspiration. Oil dropped hard down $2 a barrel to $106 on China slowing concerns and Saudi reserve production capacity comments.

Oil & Gold (XAU) Gold broke to two week highs but the gains proved to be a false signal as the rally faded and currently in Asia we are back under $1660. The outlook is for more range trading while the USD is remains buoyant…. Read more

Oil & Gold (XAU) Gold moved higher with the rest of the market and we saw $1665 tested in the US session after $1635 supported earlier in the day. OIL/USD Broke lower on rumors the US and UK were looking to release strategic reserves of… Read more

Oil & Gold (XAU) Gold moved higher with the rest of the market and we saw $1665 tested in the US session after $1635 supported earlier in the day. OIL/USD Broke lower on rumors the US and UK were looking to release strategic reserves of… Read more

Oil & Gold (XAU) Gold was hammered as the US longer term yields continued to rally and USD demand soared through the markets. Gold has been used as a USD hedge and so any pro USD story hurts the precious metal dramatically. OIL/USD broke below… Read more

Oil & Gold (XAU) Gold eased back to $1700 with traders weary of being caught long ahead of the FOMC given the large selloff after Bernanke’s speech on the 3rd of March. OIL/USD tested the lower range under $106 but finished back above the figure.

Oil & Gold (XAU) Gold was a bright star in the market reversing early losses to break above $1700 and then $1710. OIL/USD tried to break higher but finished under the $107 topside resistance as the strong Dollar capped.

Oil & Gold (XAU) Gold is grinding higher break above $1700. OIL/USD was bound in a $106-$107 range overnight with the equity rally not the prime mover in energy markets lately.