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