May 28 – June 1: Weekly Support and Resistance Levels for Gold & WTI
The geopolitical risk, the top economic events discussed in FX Leaders Weekly Economic Outlook will last to drive the markets. Especially..
Welcome to another week traders. This one is going to be very exciting in the wake of very high impacting and market-moving catalysts. We have already started a week with a bang. Two winning forex trading signals in CAC and DAX got us more than 150 pips and much more to come. It’s NFP week my friends…
In addition to the geopolitical risk, the top economic events discussed in FX Leaders Weekly Economic Outlook will last to drive the markets. Especially the busy economic calendar, with inflation figures, private sector PMI figures and May’s nonfarm payroll and wage growth numbers out of the U.S. will be on our radar.
Today, most U.S. and European markets are closed in observance of Memorial Day and the Spring Bank Holiday. So, you still have time to plan your trades, if you didn’t plan them earlier. Here’s the key support and resistance for this week.
Gold – XAU/USD – Trading Levels
Support Resistance
1286.6 1306.46
1280.46 1312.6
1270.53 1322.53
Key Trading Level: 1296.53
WTI – Crude Oil – Trading Levels
Support Resistance
67.31 71.45
66.04 72.72
63.97 74.79
Key Trading Level: 69.38
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