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

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