Gold & WTI Crude Oil Trading Levels – NFP Figures In Focus!

We saw such an amazing bullish move in gold last night. Though it was technically expected and I discussed the $1325 target level of gold i

Written by: Arslan Butt • Tuesday, August 29, 2017 • 1 min read

• Last updated: Tuesday, August 29, 2017

We saw such an amazing bullish move in gold last night. Though it was technically expected and I discussed the $1325 target level of gold in my previous update, the latest fundamentals fueled demand for haven assets.

As per Japan, North Korea fired a missile early Tuesday near Pyongyang that flew over northern Japan. To cope with the fluctuations that came as a result, let me share the major support and resistance levels for gold and Crude Oil.

Gold – XAU/USD – Trading Levels

Support Resistance

S1: 1298 R1: 1324

S2: 1290 R2: 1331

S3: 1277 R3: 1344

Key Trade Level: $1311

WTI – Crude Oil – Trading Levels

Support Resistance

S1: 46.25 R1: 47.78

S2: 45.78 R2: 48.25

S3: 45.02 R3: 49.02

Key Trade Level: $47.02

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.