XAU Trading Outlook Archive

Oil &amp Gold (XAU) Another day another record high for the precious metal with Gold breaking $1600 an ounce. Overall trading with a low of USD$1591 and high of USD $1607 before ending the New York session at USD$1603 an ounce. Oil tested and rebound… Read more

Oil &amp Gold (XAU) Gold came under profit taking pressure before rebounding back above $1590 to close at record highs. Overall trading with a low of USD$1575 and high of USD $1593 before ending the New York session at USD$1593 an ounce. Rallied hard after… Read more

Oil &amp Gold (XAU) Fresh all-time highs above $1590 reversed on Bernanke comments but the mood is still very bullish on the precious metal. Overall trading with a low of USD$1578 and high of USD $1594 before ending the New York session at USD$1585 an… Read more

Oil &amp Gold (XAU) broke to all-time highs in a major move higher to test $1590. Overall trading with a low of USD$1564 and high of USD $1590 before ending the New York session at USD$1588 an ounce. Gained aggressively to test $99 before falling… Read more

Oil &amp Gold (XAU) was supported on FOMC QE3 talk and the Ireland Rating Downgrade. Overall trading with a low of USD$1540 and high of USD $1573 before ending the New York session at USD$1566 an ounce. Was able to ignore Global risk aversion as… Read more

Oil &amp Gold (XAU) the Italian debt fears and US debt ceiling debate caused gold to break above $1550. Overall trading with a low of USD$1541 and high of USD $1557 before ending the New York session at USD$1553 an ounce. Was sold heavily on… Read more

Oil &amp Gold (XAU) Gold Surged with the alternative currency finished a stellar week up $40 an ounce. Overall trading with a low of USD$1525 and high of USD $1545 before ending the New York session at USD$1544 an ounce. Was sold heavily on concerns… Read more

Oil &amp Gold (XAU) Gold was quiet above $1530 after testing support below. Overall trading with a low of USD$1522 and high of USD $1535 before ending the New York session at USD$1530 an ounce. Oil broke higher back above the next level resistance level… Read more

Oil &amp Gold (XAU) Gold pushed higher with the resurgence of sovereign debt risk in Europe. Overall trading with a low of USD$1510 and high of USD $1534 before ending the New York session at USD$1529 an ounce. Oil found support on a dip to… Read more

Oil &amp Gold (XAU) Gold rallied with Oil after putting in a base of support under $1500. Overall trading with a low of USD$1493 and high of USD $1517 before ending the New York session at USD$1513 an ounce. Oil popped to $97 with bulls… Read more