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

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!