September 4th – 10th Trading Levels – Gold & WTI Crude Oil - Forex News by FX Leaders

September 4th – 10th Trading Levels – Gold & WTI Crude Oil

Posted Monday, September 4, 2017 by
Arslan Butt • 1 min read

We just saw a shocking bullish wave in the bullion market over the uncertainty caused by North Korea. Most of the fluctuations remained in our previously recommended trading levels.

As per the latest updates on the news, "South Korea detected that North Korea is continuing to prepare for a possible intercontinental ballistic missile launch, an official said, a move that would further raise tensions a day after it conducted its sixth and most powerful nuclear detonation." Take a look at this week's new trading levels:

Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1299            R1: 1334

S2: 1287           R2: 1346

S3: 1270           R3: 1364

Key Trade Level: $1317

WTI – Crude Oil – Trading Levels

Support             Resistance   

S1: 46.10             R1: 49.65

S2: 45.49            R2: 48.67

S3: 44.51            R3: 48.06

Key Trade Level: $47.08

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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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