August 16th – Pre- FOMC Trading Levels for Gold & WTI Crude Oil

Posted Wednesday, August 16, 2017 by
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

Support            Resistance

S1: 1262             R1: 1293

S2: 1252            R2: 1302

S3: 1237            R3: 1318

Key Trade Level: $1277


WTI – Crude Oil – Trading Levels

Support             Resistance            

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!  

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Yesterday the CPI numbers from European countries showed a slowdown, so today's headline Eurozone inflation numbers should be soft as well
3 days ago
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments