July 24th – 29th Weekly Trading Levels – Gold & WTI Crude Oil - Forex News by FX Leaders

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

Posted Tuesday, July 25, 2017 by
Arslan Butt • 1 min read

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!

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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