Gold & WTI Crude Oil Trading Levels - Investors to Focus on Fundamentally Loaded Week - Forex News by FX Leaders

Gold & WTI Crude Oil Trading Levels – Investors to Focus on Fundamentally Loaded Week

Posted Monday, January 29, 2018 by
Arslan Butt • 1 min read

The Greenback drops for the seventh week on hawkish tone by the ECB (European Central Bank) during the previous week. This ultimately supports the Gold. Overall, this week is going to be very volatile for the bullion market also due to the fundamentals discussed in our Jan 29 – Feb 2: Weekly Economic Events Brief.  

Thus, considering these events in focus, we have formulated the major support and resistance levels. All you need to do is to draw them on your daily chart. I hope this will help you gain more grip on the market.

Gold – XAU/USD – Trading Levels

Support     Resistance

1334.21      1362.79

1325.39      1371.61

1311.1        1385.9

Key Trading Level:    1,348.5

WTI – Crude Oil – Trading Levels

Support     Resistance

63.99         66.65

63.16         67.48

61.83         68.81

Key Trading Level:    $65.32  

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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