Oil & Gold (XAU) Gold pushed higher towards the key $1500 level which has proven a pivot point between strength and weakness in recent. Overall trading with a low of USD$1484 and high of USD $1500 before ending the New York session at USD$1498 an… Read more
XAU Trading Outlook Archive
Oil & Gold (XAU) Trading Outlook (19-05-2011)
May 19, 2011Oil & Gold (XAU) Trading Outlook (18-05-2011)
May 18, 2011Oil & Gold (XAU) Gold was on the weaker side overnight falling to $1470 before finding support and grinding higher. Overall trading with a low of USD$1471 and high of USD $1498 before ending the New York session at USD$1487 an ounce. Oil tested $95… Read more
Oil & Gold (XAU) Trading Outlook (17-05-2011)
May 17, 2011Oil & Gold (XAU) Gold was very contained around the $1500 with a brief attempt above before pulling back. Overall trading with a low of USD$1488 and high of USD $1504 before ending the New York session at USD$1492 an ounce. Oil broke with the… Read more
Oil & Gold (XAU) Trading Outlook (16-05-2011)
May 16, 2011Oil & Gold (XAU) dumped below $1500 after the USD strength beat out support for the precious metal from safe haven buyers. The $1500 level has proved a key pivot point in recent trading sessions with the direction of the next move hotly debated. Overall… Read more
Oil & Gold (XAU) Trading Outlook (13-05-2011)
May 13, 2011Oil & Gold (XAU) dipped below $1500 but found support and closed at opening levels. Overall trading with a low of USD$1478 and high of USD $1507 before ending the New York session at USD$1503 an ounce. Volatility continued with support at $95 found before… Read more
Oil & Gold (XAU) Trading Outlook (12-05-2011)
May 12, 2011Oil & Gold (XAU) Gold reversed sharply back under $1500 but found support to close just above the key level. Overall trading with a low of USD$1495 and high of USD $1527 before ending the New York session at USD$1507 an ounce. Crude Oil was… Read more
Oil & Gold (XAU) Trading Outlook (11-05-2011)
May 11, 2011Oil & Gold (XAU) crept higher with buyers still looking to hedge against inflation and a weak USD. Overall trading with a low of USD$1505 and high of USD $1520 before ending the New York session at USD$1517 an ounce. The uptrend continued with a… Read more
Oil & Gold (XAU) Trading Outlook (10-05-2011)
May 10, 2011Oil & Gold (XAU) was well supported throughout the day as silver bounced aggressively. Overall trading with a low of USD$1493 and high of USD $1514 before ending the New York session at USD$1513 an ounce. Oil was bought from the open to rally back… Read more
Oil & Gold (XAU) Trading Outlook (09-05-2011)
May 9, 2011Oil & Gold (XAU) ended four days of heavy selling to stage a small recovery alongside silver. Overall trading with a low of USD$1471 and high of USD $1591 before ending the New York session at USD$1493 an ounce. Sharp selling continued in Europe on… Read more
Oil & Gold (XAU) Trading Outlook (06-05-2011)
May 6, 2011Oil & Gold (XAU) was sold aggressively after breaking $1500 support to plunge to $1460 region. Overall trading with a low of USD$1462 and high of USD $1522 before ending the New York session at USD$1471 an ounce. In a record sell off, Crude Oil… Read more