Pre-NFP Trading Levels – Gold & WTI Crude Oil
Arslan Butt • 1 min read
Yesterday, I shared trading levels on global stock market indices and the market is trading exactly in these ranges. The gold and crude oil have traded according to our forecasted levels, and tomorrow the United States is expected to release one of the most awaited economic events. To help us cope with the volatility let's take a look at the new trading levels.
Gold – XAU/USD – Trading Levels
S1: 1250 R1: 1271
S2: 1244 R2: 1278
S3: 1234 R3: 1288
Key Trade Level: $1261
WTI – Crude Oil – Trading Levels
S1: 48.28 R1: 49.96
S2: 46.60 R2: 51.01
S3: 45.56 R3: 52.68
Key Trade Level: $48.28
For now, we have BOE Monetary Policy meeting today and the labor market figures from the United States tomorrow. These trading levels are sure to keep you capturing high probability trades. Check out FX leader support and resistance trading strategy article to help you trade these levels profitably. Good luck!