Trading Levels July 17th – 23rd, Gold & WTI Crude Oil
Arslan Butt • 1 min read
Several top-tier fundamentals are on the table this week. Like last week, these have the potential to change the technical geography of the markets. This update will specify the weekly trading levels which will guide us before we place any position.
The rules of the game are simple; we need to make sure that we don't buy below the resistance and sell above the support. Refer to FX leader support and resistance trading strategy to learn how to profitably trade below levels. Let's take a look at the trading levels!
Gold – XAU/USD – Trading Levels
S1: 1229 R1: 1239
S2: 1221 R2: 1242
S3: 1207 R3: 1256
Key Trade Level: $1229
WTI – Crude Oil – Trading Levels
S1: 45.63 R1: 46.80
S2: 44.45 R2: 47.52
S3: 42.56 R3: 48.70
Key Trade Level: $45.65