Last week, the market remained highly volatile due to the US interest rate hike, and we closed some nice profits on the Gold. However, this week we may experience random behavior in the market as the thin trading volume will not help investors determine the one-sided trend.

Gold – XAU/USD – Trading Levels

Support              Resistance

S1: 1,241             R1: 1,260

S2: 1,235             R2: 1,266

S3: 1,225             R3: 1,276

Key Trade Level: $1,251

WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 56.36            R1: 58.25

S2: 55.78            R2: 58.82

S3: 54.84            R3: 59.76

Key Trade Level: $57.30         

We don’t have many fundamentals on the docket this week and the market is very likely to trade as per these trading levels. Good luck!