July 24th – 29th Weekly Trading Levels – Gold & WTI Crude Oil

Yesterday, I shared trading levels for global stock market indices.  As of now, the market is trading smoothly. So, before we hit a volatile session, let's take a quick look at the weekly support & resistance levels.

Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1246.02        R1: 1256.55

S2: 1235.49        R2: 1263.05

S3: 1228.99        R3: 1273.58

Key Trade Level: $1246.02

WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 46.30             R1: 47.13

S2: 45.46            R2: 47.64

S3: 44.95            R3: 48.48

Key Trade Level: $46.30

For now, all eyes stay on Fed Monetary Policy meeting on Wednesday, and these levels will increase your grip on the prices. Refer to our FX leader support and resistance trading strategy article in order to trade below levels profitably. Good luck!