Nov. 20 to 26 – Gold & WTI Crude Oil Trading Levels
Arslan Butt • 1 min read
This week, the global markets will be influenced by the central bank's monetary policy meeting minutes. We are also expecting FOMC meeting minutes later this week, so Gold will also show some fluctuations.
Additionally, we have weekly inventory figures coming out on Nov. 22 and this will determine the further trend in Crude Oil. I will write more about this in the next few days, but for now, let's take a look at weekly trading levels of Gold and Crude Oil.
Gold – XAU/USD – Trading Levels
S1: 1,276 R1: 1,297
S2: 1,270 R2: 1,303
S3: 1,260 R3: 1,314
Key Trade Level: $1,287
WTI – Crude Oil – Trading Levels
S1: 55.28 R1: 57.05
S2: 54.73 R2: 57.60
S3: 53.85 R3: 58.49
Key Trade Level: $56.17
If you are following me for the first time then check FX Leaders Support and Resistance strategy to make the best use of these levels. All the best!