Gold & WTI Crude – Post FOMC Trading Levels

Posted Thursday, February 22, 2018 by
Arslan Butt • 1 min read

The Fed monetary hawks seemed to support the Buck during the latest FOMC monetary policy report. Most members acknowledged that the substantial growth supports the plausibility of further hikes in the rate.

Besides sharing hawkish remarks, some FOMC members also made light of their concerns over financial market risks. Overall, the spike in the rate sentiments remains strong, causing bearish moves in the Bullion and commodities markets.

Today, we will see another series of high impact fundamentals, which was briefly discussed in our earlier report, Feb 22 – Economic Events Outlook

Gold – XAU/USD – Trading Levels

Support     Resistance

1325.3        1335.84

1322.04      1339.1

1316.77      1344.37

Key Trading Level:    1,330.57

WTI – Crude Oil – Trading Levels

Support     Resistance

60.98         61.68

60.76         61.9

60.41         62.25

Key Trading Level:    61.33

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