XAU Trading Outlook Archive

Oil & Gold (XAU) Gold is beginning to recover overnight testing $1690 by US close. Oil’s day to day movement is hard to predict as the global risk premium from the Iran threat interferes with the general risk on or off trading day direction. Overnight… Read more

Oil & Gold (XAU) Gold fell through $1700oz and slumped to $1665oz before a small recovery into the close. OIL/USD’s pulled back to $105 before stabilizing.

Oil & Gold (XAU) Gold fell back to $1700 and has lost a lot of its attraction recently as QE3 expectations are wound back. OIL/USD failed to rally on the weekend Iran/Israel posturing with some suggesting fatigue on the Iran story. Support was seen at… Read more

Oil & Gold (XAU) Gold went to sleep Friday in a quiet $10 range around $1720oz. OIL/USD continued to be volatile falling sharply to $106 as the Saudi rumor spike higher was reversed. Israel’s war of words with Iran continued over the weekend and traders… Read more

Oil & Gold (XAU) Gold bounced back above $1700 and then $1720 in Asia yesterday before settling into a tight range for the rest of the day recovering from the heavy sell off on Wednesday. OIL/USD grabbed the spotlight as rumors spread throughout the market… Read more

Oil & Gold (XAU) Gold was hammered as the chance of more Quantitative easing out of the US fell dramatically overnight with the Chairman of the FOMC failing to mention it in his bi-annual testimony to Congress. OIL/USD dipped for a third day down to… Read more

Oil & Gold (XAU) Gold tracked the USD weakness moving up to $1790 and is in striking distance of $1800 the high from last August. OIL/USD continued to pull back on a second day of profit taking as no new Iran threats emerged to stoke… Read more

Oil & Gold (XAU) Gold came under profit taking and tested support at $1760 which held and so far Tuesday has grinded back above $1670. OIL/USD reversed to $107.50 in line with other markets that came under profit taking pressure. Iran tensions are still the… Read more

Oil & Gold (XAU) Gold was very stable in $10 range around near $1780 unable to gather strength to test $1800. OIL/USD is not having any issues gathering strength and broke to fresh year highs near $110 a barrel.

Oil & Gold (XAU) pushed higher but the overbought conditions prompted profit taking in the US session and the pair pulled back under $1780 into the close. OIL/USD continued to surge as the Iran standoff continued breaking above $108 and targeting $110. Some research notes… Read more