XAU Trading Outlook (10-01-2013)
Oil & Gold (XAU) Gold briefly broke above resistance at $1660 but there was little follow through and we eased back to $1655 in the US session. The outlook is mixed with FOMC speakers later today hopefully casting further light on last week’s FOMC minutes. Oil settled down overnight finding resistance at $93.50 before testing support under $93 and closing at the figure.
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