Gold & WTI Crude Oil Trading Levels – US Inflation On Radar

As we know, there's a negative correlation between the Dollar and the commodities, GOLD, and Crude...


As we know, there’s a negative correlation between the Dollar and the commodities, GOLD, and Crude. The commodity market is trading bullish on the weaker dollar. I hope you enjoyed our weekly trading levels of Gold and WTI as the market traded exactly in line with these.

This week, investors’ focus stays on Chinese Industrial production, US Inflation, and SNB’s rate decisions. Read more details in our weekly fundamentals outlook report.

Considering these events, let me share the highly potential trading levels for Gold and WTI Crude Oil.

Gold – XAU/USD – Trading Levels

Support     Resistance

1315.4         1337.4

1308.6         1344.2

1297.6         1355.2

Key Trading Level:    1326.4

WTI – Crude Oil – Trading Levels

Support     Resistance

60.49          63.03

59.7            63.82

58.43          65.09

Key Trading Level:    61.76

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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