August 16th – Pre- FOMC Trading Levels for Gold & WTI Crude Oil
Arslan Butt • 1 min read
As promised yesterday, here come the Pre-FOMC trading levels for gold & WTI Crude Oil. Hopefully, these levels will support us throughout the week. Take a look!
Gold – XAU/USD – Trading Levels
S1: 1262 R1: 1293
S2: 1252 R2: 1302
S3: 1237 R3: 1318
Key Trade Level: $1277
WTI – Crude Oil – Trading Levels
S1: 47.17 R1: 48.79
S2: 46.67 R2: 49.29
S3: 45.87 R3: 50.10
Key Trade Level: $47.98
Traders, during the US session today at 14:30 (GMT), the EIA is expected to release crude oil inventories figures. FOMC meeting minutes are due at 18:00 (GMT). Make sure to plot these levels on the chart for a better grip on the prices. Keep following for our Forex Trading Signals. Good luck!