XAU Trading Outlook Archive

Oil & Gold (XAU) Gold is consolidating the recent move high in a new $1630-50 range. Oil fell back to $101 support but found good buying under the level.

Oil & Gold (XAU) Gold moved higher breaking above $1630 taking advantage of the weaker USD. Oil was volatile with the market dipping back to $101 in Europe before retesting recent highs above $103 in the US session.

Oil & Gold (XAU) kept to a very tight range above $1610 with consolidation the main theme. OIL/USD initially dipped as the Iran threat shock continued to wear off but rebounded to opening levels in the US session.

Oil & Gold (XAU) was whippy after the NFP trading higher hitting $1630 before reversing to $1610. OIL/USD tried to rally but failed above 102.50 before reversing to $101.

Oil & Gold (XAU) Tested $1600 before gaining to $1620 as the precious metal continued to rally for a 4th day. OIL/USD fell sharply after Iran threats failed to support the market with little new action to back up the words. Support was founds at… Read more

Oil & Gold (XAU) support below $1600oz was solid overnight and we closed at new week highs above $1610. OIL/USD remained supported on dips and closed above the $103 for a second day.

Oil & Gold (XAU) continued to move higher breaking and closing above $1600 an ounce. OIL/USD was relentless as the weak USD and increasing Iranian threats supported a sharp move to $103 a barrel.

Oil & Gold (XAU) Gold is rallying aggressively as the market bargain hunts from $1520 lows last week. OIL/USD Spiked above $100 a barrel on Tuesday morning with the reopen of the commodities exchange after Iran’s missile test over the weekend.

Oil prices fell to 98.58 yesterday dollars a barrel from 100.09. Gold rose to 1581.17 dollars an ounce from 1548.55. Silver edged higher to 28.45 dollars an ounce from 27.26.

Oil & Gold (XAU) Gold slipped to the next support level at $1520oz before paring losses later in the day. OIL/USD tested $98.50 support before rallying late in the day back to $100 a barrel.