XAU Trading Outlook
Oil & 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 taking back to below $90 a barrel. WTI Oil Closed -$1.60 at $89.50 a barrel.
Oil & 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 above $91 a barrel. WTI Oil Closed +$0.40 at $91.30 a barrel.
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