XAU Trading Outlook Archive

Oil & Gold (XAU) Gold fell heavily down to $1550 with support crumbling in the US session. Oil fell back below $100 as the initial reaction to Iran’s threat wore off with most analysts believing it is just a bluff to prevent strikes on its… Read more

Oil & Gold (XAU) Gold Broke below $1600 in a weak session for the precious metal which is struggling to hold onto gains in recent weeks. Oil surged above $100 on concerns Iran will block a major Shipping route if sanctioned.

Oil & Gold (XAU) Gold and Oil were closed for Christmas holiday on Monday but are open Tuesday.

Oil & Gold (XAU) a very quiet trading day for the precious metal in a $15 range from $1600 to $1615. Crude Oil had a look above $100 a barrel but closed just under the figure in quiet but bullish trade. Looking ahead, Both Gold… Read more

Oil & Gold (XAU) tested $1600 before stabilizing above $1605 in calm trading ahead of Christmas. Crude Oil tested $100 twice but failed to follow through falling back in late New York on profit taking.

Oil & Gold (XAU) tested $1630 but struggled to hold onto the gains falling back to $1610. Crude Oil rallied to $99 bucking the trend of other commodities.

Oil & Gold (XAU) Gold broke above $1600 and went $1618 as the topside was tested and the USD weakened broadly. Crude Oil Surged to $97 after breaking above $95 and commodities tracked stocks higher.

Oil & Gold (XAU) Gold tested resistance above $1600 twice during the day but both times fell back as sellers continue to bail out of long positions. The longer term uptrend is under threat as expectations of future gains are tempered. Crude Oil rallied as… Read more

Oil & Gold (XAU) Gold finished close to $1600 testing the big figure resistance throughout the day but failing to break higher. Crude Oil tested $93 as the slide continued but then bounced and is very oversold technically.

Oil & Gold (XAU) Gold rallied back to $1590 before falling back and closing at opening levels. Crude Oil continued to suffer from the OPEC production news falling through $95 a barrel in the US session.