XAU Trading Outlook
Oil & Gold (XAU) Gold was strong moving up to $1660 before consolidating in a tight range. OIL/USD was very quiet under $105 but supported on dips.
Oil & Gold (XAU) Gold fell sharply then rallied even more sharply last night back above $1640 and is testing $1650 in Asian trade Thursday. OIL/USD pushed higher with stock markets and is expected to test $105 again in coming sessions.
Oil & Gold (XAU) Gold fell sharply to $1625 but found support and finished mixed close to the key $1640 level. OIL/USD fell over $2 a barrel with the fall in European and US stocks reversing Friday’s rally.
Oil & Gold (XAU) Gold spent the whole day in a $5 dollar range above $1640 and is waiting for further inspiration. OIL/USD rallied with stocks and the Euro up above $104 and near $105 before easing into the weekend. The $105 level is a big resistance and could prove the pivot in coming days.
Go to Oil & Gold (XAU) Archive



