Oil & Gold (XAU) Gold surged on the FOMC statement breaking above $1700 in dramatic fashion late in the day. Oil tested $100 once again but was not in the mood to break above the key psychological level.
XAU Trading Outlook Archive
Oil & Gold (XAU) Trading Outlook (26-01-2012)
January 26, 2012Oil & Gold (XAU) Trading Outlook (25-01-2012)
January 25, 2012Oil & Gold (XAU) Gold fell on USD strength back below $1670 but found support quickly at $1665. Oil traded lower but support was found under $98.50
Oil & Gold (XAU) Trading Outlook (24-01-2012)
January 24, 2012Oil & Gold (XAU) Gold also moved high breaking above $1670 with the Euro led weak USD. Oil Rebounded to test $100 with improving risk appetite supporting.
Oil & Gold (XAU) Trading Outlook (23-01-2012)
January 23, 2012Oil & Gold (XAU) Gold tested support below $1650 before reversing and closing just under the $1670 topside resistance. Some softer comments from Iran and the peaceful movement of US navy ships through the straight of hormuz sent Oil into a sharp slump as the… Read more
Oil & Gold (XAU) Trading Outlook (20-01-2012)
January 20, 2012Oil & Gold (XAU) Gold rallied to $1670 before easing back $1650. Oil tested $102 before also easing of profit taking back to the $100 level.
Oil & Gold (XAU) Trading Outlook (19-01-2012)
January 19, 2012Oil & Gold (XAU) Gold broke to fresh highs above $1660 before reversing back to $1650 support at the close. Oil broke back above $100 a barrel as Middle Eastern concerns supported along with strong stocks.
Oil & Gold (XAU) Trading Outlook (18-01-2012)
January 18, 2012Oil & Gold (XAU) Gold broke to fresh highs above $1660 before reversing back to $1650 support at the close. Oil broke back above $100 a barrel as Middle Eastern concerns supported along with strong stocks.
Oil & Gold (XAU) Trading Outlook (17-01-2012)
January 17, 2012Oil & Gold (XAU) Gold is pivoting the $1640 level in quiet trade closing for half the day with US on holiday. Oil was very quiet but grinded higher towards $100 closing just under the key level.
Oil & Gold (XAU) Trading Outlook (16-01-2012)
January 16, 2012Oil & Gold (XAU) Gold fell back to $1630 support which held but traders cautious as the crisis may overwhelm the speculator demand for Gold with investor demand for Cash via liquating Gold investments. Oil dipped on the European downgrade news but is being supported… Read more
Oil & Gold (XAU) Trading Outlook (13-01-2012)
January 13, 2012Oil & Gold (XAU) Gold Broke above the $1650 level but closed back below as the market took profit from the recent rally. A weak USD is supporting but falling European bond yields should also dampen demand for Gold which is seen as a safe… Read more
