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

Arslan Butt•Monday, September 4, 2017•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

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

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.

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