XAU Trading Outlook Archive

Oil & Gold (XAU) Gold broke above $1760 resistance in late US trade with aggressive moves higher hitting $1780 into the last hour before the close. The rally is now targeting the previous rally’s high at $1800 which held last August. OIL/USD consolidated above $106… Read more

Oil & Gold (XAU) Gold soared bucking the trend of other markets to push towards $1763 year highs stopping at $1760 in the US close. OIL/USD is relentlessly higher up above $106 as Iran tensions reach new heights.

Oil & Gold (XAU) is retesting the recent highs above $1734 and threatening to break to recent rally highs near $1763. OIL/USD is one way topside action as Middle East tensions continue to escalate and Iran sanctions draw closer to enforcement and effect.

Oil & Gold (XAU) is retesting the recent highs above $1734 and threatening to break to recent rally highs near $1763. OIL/USD is one way topside action as Middle East tensions continue to escalate and Iran sanctions draw closer to enforcement and effect.

Oil & Gold (XAU) Gold took advantage of the USD weakness to rally back to $1730 and is well placed to resume its uptrend after solid support near $1700. OIL/USD pushed on to New Year highs and is targeting $103 and $105 in coming sessions.

Oil & Gold (XAU) Gold was support on increasing Sovereign default risk and this allowed a small move higher on XAU/USD but a very large move higher on the important XAU/EUR cross. OIL/USD continued to trade higher on Iran nuclear posturing and more fear of… Read more

Oil & Gold (XAU) was contained to a very tight range pivoting the $1720 level all day supported from sovereign risk but contained by USD strength. OIL/USD remained above the key $100 level as Middle Eastern tensions countered the general investor risk aversion.

Oil & Gold (XAU) Gold failed at $1734 resistance and fell back under $1720 into the US close. OIL/USD bucked the trend of the rest of the market with Iran tensions rising once again with bomb threats to Israeli embassies.

Oil & Gold (XAU) Gold was volatile on Friday hitting a new week low briefly under $1710 before staging a sharp rally back above $1720 into the weekend close. OIL/USD traded in line with the rest of the market down in Europe but rallied into… Read more

Oil & Gold (XAU) Gold rallied to $1750 but failed for a second time this week and is threatening a more substantial pullback. OIL/USD tested $100 and although did not break above closed just under the big level.