Gold & WTI Crude Oil Trading Levels – Jackson Hole Symposium In Focus

Posted Tuesday, August 22, 2017 by
Arslan Butt • 1 min read

The market hasn't been very volatile these past two days, but the status quo is about to change. The speeches at Jackson Hole Symposium come with very high odds of volatility in the markets.


What's the Jackson Hole Symposium?

The Economic Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press, but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential officials can create significant market volatility.

Take a look at the major support and resistance levels for Gold and Crude Oil to try and help cope with the fluctuations.


Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1271         R1: 1271

S2: 1264        R2: 1278

S3: 1251        R3: 1288

Key Trade Level: $1284


WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 47.04             R1: 49.09

S2: 46.41            R2: 49.73

S3: 45.38            R3: 50.75

Key Trade Level: $48.07         

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