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

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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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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