XAU Trading Outlook Archive

Oil &amp Gold (XAU) Gold moved in a $20 range form $1750-1730 but is well supported on dips and looking higher. Oil fell back to $92 a barrel before finding support and ending relatively unchanged on the day at $93.50.

Oil &amp Gold (XAU) Gold moved higher on the USD weakness testing $1750 resistance. Oil Moved back to $94 with stock markets helping lift the energy higher. $100 is now forming as the bull target if sentiment continues to improve.

Oil &amp Gold (XAU) Gold consolidated gains above $1700 before extending gains on weakness in the USD post EU summit. Oil came under heavy selling pressure for most of the day testing $90 but was able to reverse most of these losses after stocks rallied… Read more

Oil &amp Gold (XAU) enjoyed a solid rally overnight breaking above $1700 in a $50 an ounce move higher before consolidating. Oil extended gains for a second day surging to $94 a barrel before weakness in stocks dragged the energy back to the $92 handle.

Oil &amp Gold (XAU) broke above $1650 and range traded around the figure for the rest of the day as the rally extended. Oil broke above $90 a barrel and extended to $91 on the back of the US stock rally. The outlook is largely… Read more

Oil &amp Gold (XAU) broke higher on USD weakness to test $1650 and end the week on a strong footing. Talk of more government bailouts will only help the precious metal as an alternative investment. Oil Surged to $89 before paring back a lot of… Read more

Oil &amp Gold (XAU) traded in a range between $1610-30 an ounce with the buyers cautious given the recent selling. A negative outcome over the weekend may lead to Gold support on Monday if investors once again search for a safe haven. Oil dipped below… Read more

Oil &amp Gold (XAU) Gold was weak for most of the day sold on rallies back to $1630 supports. The failure to get above $1700 is hurting the precious metal technically. Oil was hit heavily after the FED beige book outlined a softer picture of… Read more

Oil &amp Gold (XAU) Gold dropped aggressively $40 an ounce from $1670 to $1630 but was able to close at $1660 after recovering in the US session. Oil Contract expired overnight. The market moved aggressively higher to test $89 before easing back to $88.50 into… Read more

Oil &amp Gold (XAU) Gold tested new month highs before reversing in the US session to $1670 as daily volatility continued. Oil tested $88 in Europe but failed to hold onto the gains before reversing back to $86 a barrel.