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