Latest Levels Of Gold & WTI Crude – Volatility Expected

Posted Thursday, January 18, 2018 by
Arslan Butt • 1 min read

Thanks to the Gold for an exciting start of the day. Our forex trading signal gave us another +35 pips. The trading day can be more volatile, especially the commodities sides. The economic events from China, particularly the GDP will remain in focus. Since China is the second biggest Oil consumer after the USA, the positive GDP figures are expected to fuel the prices of Crude Oil.

Besides Chinese indicators, we have EIA reports later today during the US session. Typically, the Crude Oil moves 50 – 100 pips on this report. Keeping these events in focus, we present you the latest support and resistance levels for these commodities. Keep following for the trade ideas.

Gold – XAU/USD – Trading Levels

Support     Resistance

1322.1         1339.8

1315.5         1350.9

1304.4        1357.5

Key Trading Level:   $1333.2

WTI – Crude Oil – Trading Levels

Support     Resistance

63.58           64.61

62.93           64.99

62.55           65.64

Key Trading Level:   $63.96

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Gold broke below the support zone of $1.950 yesterday and now it is headed for the 100 SMA on the daily chart
3 days ago
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