Pre-Christmas Trading Levels For Gold & WTI Crude Oil!

Last week, the market remained highly volatile due to the US interest rate hike, and we closed some nice profits on the Gold.


Last week, the market remained highly volatile due to the US interest rate hike, and we closed some nice profits on the Gold. However, this week we may experience random behavior in the market as the thin trading volume will not help investors determine the one-sided trend.

Gold – XAU/USD – Trading Levels

Support              Resistance

S1: 1,241             R1: 1,260

S2: 1,235             R2: 1,266

S3: 1,225             R3: 1,276

Key Trade Level: $1,251

WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 56.36            R1: 58.25

S2: 55.78            R2: 58.82

S3: 54.84            R3: 59.76

Key Trade Level: $57.30         

We don’t have many fundamentals on the docket this week and the market is very likely to trade as per these trading levels. Good luck!  

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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