Oil & Gold (XAU) crashed back under $1400 on heavy liquidation of 2010 long positions with the market falling over $30 an ounce. Overall trading with a low of USD$1374 and high of USD $1418 before ending the New York session at USD$1382 an ounce…. Read more
XAU Trading Outlook Archive
Oil & Gold (XAU) Trading Outlook (05-01-2011)
January 5, 2011Oil & Gold (XAU) Trading Outlook (04-01-2011)
January 4, 2011Oil & Gold (XAU) Pivoted around the $1420 in quiet trade before ending on a weak note.Overall trading with a low of USD$1411 and high of USD $1424 before ending the New York session at USD$1415 an ounce. Oil extended gains to $92.50 before pulling… Read more
Oil & Gold (XAU) Trading Outlook (03-01-2011)
January 3, 2011Oil & Gold (XAU) was strong the whole day up $15 an ounce. Overall trading with a low of USD$1405 and high of USD $1420 before ending the New York session at USD$1418 an ounce. Oil led the market higher up nearly $2 a barrel…. Read more
Oil & Gold (XAU) Trading Outlook (31-12-2010)
December 31, 2010Oil & Gold (XAU) Mild profit taking pulled the precious metal back towards $1400. Overall trading with a low of USD$1402 and high of USD $1415 before ending the New York session at USD$1407 an ounce. Oil pulled back substantially on heavy year end profit… Read more
Oil & Gold (XAU) Trading Outlook (29-12-2010)
December 29, 2010Oil & Gold (XAU) broke out of its recent range to the topside above $1400 an ounce.Overall trading with a low of USD$1384 and high of USD $1407 before ending the New York session at USD$1405 an ounce. Oil&rsquo s bullish mood continued pushing back… Read more
Oil & Gold (XAU) Trading Outlook (24-12-2010)
December 24, 2010Oil & Gold (XAU) fell back from $1400 but still quiet trade. Overall trading with a low of USD$1372 and high of USD $1389 before ending the New York session at USD$13880 an ounce. Oil continued unabated pushing to $91.50 finding little resistance. WTI Oil… Read more
Oil & Gold (XAU) Trading Outlook (23-12-2010)
December 23, 2010Oil & Gold (XAU) remained supported on European sovereign issues but kept to a tight range. Overall trading with a low of USD$1383 and high of USD $1391 before ending the New York session at USD$1387 an ounce. Broke above $90 a barrel as the… Read more
Oil & Gold (XAU) Trading Outlook (22-12-2010)
December 22, 2010Oil & Gold (XAU) was subdued but well supported holding above $1380. Overall trading with a low of USD$1380 and high of USD $1392 before ending the New York session at USD$1389 an ounce. Grinded higher to the key $90 a barrel level. WTI Oil… Read more
Oil & Gold (XAU) Trading Outlook (21-12-2010)
December 21, 2010Oil & Gold (XAU) was supported on dips closing at opening levels.Overall trading with a low of USD$1375 and high of USD $1388 before ending the New York session at USD$1384 an ounce. Bounced of a dip in Asia to rally near resistance at $89.50…. Read more
Oil & Gold (XAU) Trading Outlook (20-12-2010)
December 20, 2010Oil & Gold (XAU) USD strength saw a test of $1365 but this held steady and the precious metal finished roughly unchanged. Overall trading with a low of USD$1364 and high of USD $1378 before ending the New York session at USD$1375 an ounce. Oil… Read more