Gold & WTI Crude Oil Trading Levels – NFP Figures In Focus! - Forex News by FX Leaders

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

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

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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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