Gold & WTI Crude – Post FOMC Trading Levels
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
ABOUT THE AUTHOR
See More
Sidebar rates
Add 3442
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals