XAU Trading Outlook Archive

Oil &amp Gold (XAU) Gold is grinding higher as investment demand overwhelmed profit takers. It has been the perfect environment for the precious metal lately with a weak USD and sovereign debt crisis. Crude Oil surged higher but found resistance at $89 and pulled back… Read more

Oil &amp Gold (XAU) Gold remained supported as an alternative to both the Euro and the USD. $1800 is the target for the bulls in the short term. Crude Oil remained supported on dips to close above $87 a barrel.

Oil &amp Gold (XAU) Investors flooded back to the precious metal as the profit taking subsided and closed above $1760. Crude broke back above $87 a barrel in strong trade with topside now in view.

Oil &amp Gold (XAU) Gold continued to pull back for a second day with sovereign debt fears subsiding. Crude was volatile surging above $87 before falling back to the key $85 level.

Oil &amp Gold (XAU) Gold was crunched lower from fresh all-time highs as the CME increased margin requirement and a relief rally flooded the markets. Crude surged with the rest of the market to break above the key $85 level.

Oil &amp Gold (XAU) Gold surge on French bank fears breaking above $1800 and hitting fresh all time highs at $1815. Crude bounced off $80 and rallied back to $83 with the stock market moves strangely ignored.

Oil &amp Gold (XAU) Gold had very large swings falling from all time highs over $50 oz before rallying $60 oz to print fresh all-time highs and reversing again for a final time into the US close. Crude Oil slumped in Asia to $77 a… Read more

Oil &amp Gold (XAU) Gold finished up $50 an ounce and is well supported with support from traders globally as confidence in the central banks wanes. Crude Oil crashed to $81 a barrel and continued into Asia today falling another $4 a barrel to $77.

Oil &amp Gold (XAU) surged above $1700 to all-time highs as the alternative currency found fresh buying on the US rating downgrade. Oil fell another $3 a barrel in Asia towards $84 on concerns the global economy was slipping towards recession given a global debt… Read more

Oil &amp Gold (XAU) popped above $1670 before reversing back to $1660 where support was found and the precious metal closed. Overall trading with a low of USD$1651 and high of USD $1673 before ending the New York session at USD$1661 an ounce. Oil fell… Read more