Weekly Support & Resistance Levels

May 28 – June 1: Weekly Support and Resistance Levels for Gold & WTI

Posted Monday, May 28, 2018 by
Arslan Butt • 1 min read

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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Yesterday the CPI numbers from European countries showed a slowdown, so today's headline Eurozone inflation numbers should be soft as well
3 days ago
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