XAU Trading Outlook Archive

Oil &amp Gold (XAU) was well supported on sovereign default fears testing above $1530. Overall trading with a low of USD$1513 and high of USD $1535 before ending the New York session at USD$1529 an ounce. Oil crash breaking key support at $98 and continuing… Read more

Oil &amp Gold (XAU) found support and took advantage of the USD weakness to bounce above $1520. Overall trading with a low of USD$1511 and high of USD $1527 before ending the New York session at USD$1525 an ounce. Oil rallied sharply after heavy selling… Read more

Oil &amp Gold (XAU) slumped for a second day as most commodities came under pressure. Overall trading with a low of USD$1510 and high of USD $1533 before ending the New York session at USD$1517 an ounce. Oil fell sharply breaking $98 support with heavy… Read more

Oil &amp Gold (XAU) Gold slumped the most in a month on heavy long liquidations. USD strength and failure to break above $1550 the main catalyst. Overall trading with a low of USD$1526 and high of USD $1545 before ending the New York session at… Read more

Oil &amp Gold (XAU) retested $1550 but failed to break above the key resistance for a third time in recent sessions. Overall trading with a low of USD$1533 and high of USD $1549 before ending the New York session at USD$1544 an ounce. Was well… Read more

Oil &amp Gold (XAU) Gold came under profiting taking pressure falling through $1540 support. Overall trading with a low of USD$1530 and high of USD $1546 before ending the New York session at USD$1536 an ounce. Oil surged on the back of disagreements in the… Read more

Oil &amp Gold (XAU) moved another level higher testing above $1550 before falling back late in the day. Overall trading with a low of USD$1540 and high of USD $1553 before ending the New York session at USD$1544 an ounce. Oil fell back under $99… Read more

Oil &amp Gold (XAU) moved another level higher testing above $1550 before falling back late in the day. Overall trading with a low of USD$1540 and high of USD $1553 before ending the New York session at USD$1544 an ounce. Oil fell back under $99… Read more

Oil &amp Gold (XAU) surged on the weak Non Farm numbers breaking above $1540 and closing on a strong footing. Overall trading with a low of USD$1524 and high of USD $1547 before ending the New York session at USD$1541 an ounce. Oil was able… Read more

Oil &amp Gold (XAU) was volatile falling sharply over $20 an ounce before recovering most of the losses late in the day. Overall trading with a low of USD$1519 and high of USD $1544 before ending the New York session at USD$1535 an ounce. Oil… Read more