Oil & Gold (XAU) tested $1400 but failed and reversing sharply. Overall trading with a low of USD$1382 and high of USD $1399 before ending the New York session at USD$1389 an ounce. Oil traded higher towards the $88 up nearly $5 this week. WTI… Read more
XAU Trading Outlook Archive
Oil & Gold (XAU) Trading Outlook (03-12-2010)
December 3, 2010Oil & Gold (XAU) Trading Outlook (02-12-2010)
December 2, 2010Oil & Gold (XAU) consolidated the move higher on Tuesday unable to break above the key $1400. Overall trading with a low of USD$1381 and high of USD $1397 before ending the New York session at USD$1388 an ounce. Oil surged with US stocks pushing… Read more
Oil & Gold (XAU) Trading Outlook (01-12-2010)
December 1, 2010Oil & Gold (XAU) surged higher on sovereign debt concerns heading back towards the $1400 level once again. Overall trading with a low of USD$1362 and high of USD $1390 before ending the New York session at USD$1385 an ounce. Oil tracked the weakness in… Read more
Oil & Gold (XAU) Trading Outlook (30-11-2010)
November 30, 2010Oil & Gold (XAU) grinded higher supported on strong Oil prices and safe haven demand. Overall trading with a low of USD$1352 and high of USD $1370 before ending the New York session at USD$1368 an ounce. Oil surged bucking the rest of the market… Read more
Oil & Gold (XAU) Trading Outlook (29-11-2010)
November 29, 2010Oil & Gold (XAU) heavy selling came through due to USD strength with gold down over $20 an ounce at one point before recovering into the close. Overall trading with a low of USD$1351 and high of USD $1371 before ending the New York session… Read more
Oil & Gold (XAU) Trading Outlook (26-11-2010)
November 26, 2010Oil & Gold (XAU) consolidated Tuesday&rsquo s move higher finding support on a dip below $1370. Overall trading with a low of USD$1368 and high of USD $1382 before ending the New York session at USD$1373 an ounce. Oil Surged overnight in a major move… Read more
Oil & Gold (XAU) Trading Outlook (25-11-2010)
November 25, 2010Oil & Gold (XAU) consolidated Tuesday&rsquo s move higher finding support on a dip below $1370. Overall trading with a low of USD$1368 and high of USD $1382 before ending the New York session at USD$1373 an ounce. Oil Surged overnight in a major move… Read more
Oil & Gold (XAU) Trading Outlook (24-11-2010)
November 24, 2010Oil & Gold (XAU) Gold surged higher on Sovereign debt concerns and fresh Korean tensions. Overall trading with a low of USD$1355 and high of USD $1383 before ending the New York session at USD$1375 an ounce. Oil dropped testing $80 but held firm before… Read more
Oil & Gold (XAU) Trading Outlook (23-11-2010)
November 23, 2010Oil & Gold (XAU) Gold did well as investors searched for an alternate currency to invest in. Overall trading with a low of USD$1348 and high of USD $1368 before ending the New York session at USD$1362 an ounce. Oil came under pressure after rallying… Read more
Oil & Gold (XAU) Trading Outlook (22-11-2010)
November 22, 2010Oil & Gold (XAU) Gold continued to find sellers above $1360 and came under heavy selling in the US session before bouncing later into the close. Overall trading with a low of USD$1341 and high of USD $1363 before ending the New York session at… Read more