In the financial markets, the commodities are exhibiting highly unpredictable behavior over ongoing geopolitical problems between North Korea and the U.S. The Gold and Oil has reacted aggressively, but most of the fluctuation remained at our trading levels. Here are the trading levels for this week.

Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1331            R1: 1355

S2: 1324            R2: 1362

S3: 1312            R3: 1374

Key Trade Level: $1343.45

WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 47.16            R1: 48.88

S2: 46.63            R2: 49.41

S3: 45.77            R3: 50.27

Key Trade Level: $48.02         

For newbies, check our FX Leaders Support and Resistance Trading Strategy. All the best and keep following up for more profitable forex trading signals.