The Gold and Crude Oil traded in line with our previous trading levels. Now here comes the new support and resistance levels for the current week. This week is likely to be highly volatile due to high impact economic events from the US, Australia and Eurozone.

Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1316             R1: 1334

S2: 1310             R2: 1340

S3: 1301             R3: 1349

Key Trade Level: $1325.25

WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 47.76            R1: 50.43

S2: 46.94            R2: 51.25

S3: 45.61            R3: 52.59

Key Trade Level: $49.100         

For newbies, check our FX Leaders Support and Resistance strategy to make best your of these levels. All the best and keep following up for more profitable forex trading signals.