XAU Trading Outlook
Oil & Gold (XAU) moved higher tracking Oil and taking advantage of the weaker USD. Overall trading with a low of USD$1420 and high of USD $1439 before ending the New York session at USD$1431 an ounce. Oil surged to a multi year highs above $106.50. WTI Oil Closed +$2.36 at $106.60 a barrel.
Oil & Gold (XAU) broke higher on USD weakness in Europe but sharply reversed back to support at $1412 in classic pump and dump trader moves in New York. Overall trading with a low of USD$1411 and high of USD $1430 before ending the New York session at USD$1423 an ounce. Eased slightly in quiet trade. WTI Oil Closed -$0.44 at $104.10 a barrel.
Oil & Gold (XAU) was stable inside Monday&rsquo s range as the Gold market consolidates. Overall trading with a low of USD$1410 and high of USD $1428 before ending the New York session at USD$1417 an ounce. Oil rallied off support at $103 a barrel. WTI Oil Closed +$0.50 at $104.40 a barrel.
Oil & Gold (XAU) Was sold on rallies to head lower on profit taking. Overall trading with a low of USD$1409 and high of USD $1428 before ending the New York session at USD$1419 an ounce. Oil moved lower on reports that Libyan Rebels have taken control of key Oil ports. WTI Oil Closed -$1.50 at $103.86 a barrel.
Oil & Gold (XAU) Gold continued to suffer from bouts of profit taking. Overall trading with a low of USD$1438 and high of USD $1422 before ending the New York session at USD$1428 an ounce. Was slightly lower on the day but supported at highs on middle east tensions. WTI Oil Closed -$0.20 at $105.25 a barrel.
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