XAU Trading Outlook Archive

Oil &amp Gold (XAU) Gold rallied in Europe and the US session staying into a range of $1684-$1670 for the rest of the day. Oil enjoyed a 4% gain on Friday from $84 to $87 as sentiment remained strong all day and US retail sales… Read more

Oil &amp Gold (XAU) was not interested in extending gains as most majors fell back due to profit taking in Europe. Gold found support eventually at $1650. Oil was under gentle selling pressure most of the day falling back to $83.50 before finding support.

Oil &amp Gold (XAU) gold hit new month highs above $1690 but fell back into the close on profit taking. Crude Oil failed at $86.50 and fell back to $85 in a mixed day of trading that disappointed bulls given the large moves higher in… Read more

Oil &amp Gold (XAU) topped out above $1680 and found some heavy profit taking in the US session down to $1660. Crude Oil continued to rally even as other market found profit taking and broke above $86.50 before reversing sharply into the US close.

Oil &amp Gold (XAU) Gold took advantage of the USD weakness to push to the recent resistance at $1678. The double bottom at $1600 has created a strong buying signal. Crude broke above the $85 resistance and traded up to $86 inline with the stock… Read more

Oil &amp Gold (XAU) Gold fell back from $1660 to $1630 before finding support and closing slightly higher. The outlook is mixed with the demand for Gold seen tempered if the fear of a Eurozone banking Crisis subsides. Crude Oil was volatile as always surging… Read more

Oil &amp Gold (XAU) Gold Tested $1600 before rallying up to $1650 and stabilizing near the key resistance. Crude Enjoyed solid gain back towards $80 a barrel tracking stock market direction closely.

Oil &amp Gold (XAU) Gold fell sharply in the US session over $70 an ounce after collapsing from $1670 levels in the US session. Crude Oil bounced aggressively after finding solid support at $75 a barrel.

Oil &amp Gold (XAU) Gold surged above $1660 as the sovereign risk aversion led investors back to the precious metal. Crude Oil continued to be sold heavily falling back to $76 and testing year lows before stabilizing. &nbsp

Oil &amp Gold (XAU) Gold traded in a range above $1600 with the USD strength countered by renewed buying interest in the precious metal. Crude Oil slumped under $80 a barrel to hit support at $78 before stabilizing. &nbsp