Gold traded in a range during the previous week as traders were cautious before the Jackson Hole summit. Gold closed the previous week at $1297.90, just below the $1300 level.
The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver, and Copper as traded on spot market as of August 27th, 2017:
Crude Oil
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Neutral | Neutral | Long | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 45.14 | 46.10 | 46.94 | 47.90 | 48.74 | 49.70 | 50.54 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 47.05 | 47.47 | 47.74 | 47.95 | 48.16 | 48.85 |
Gold
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Short | Long |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1261.41 | 1268.59 | 1279.80 | 1286.98 | 1298.19 | 1305.37 | 1316.58 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1275.78 | 1280.12 | 1282.80 | 1284.98 | 1287.15 | 1294.17 |
Silver
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Neutral | Long | Neutral |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 16.27 | 16.48 | 16.75 | 16.96 | 17.23 | 17.44 | 17.71 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 16.69 | 16.80 | 16.87 | 16.93 | 16.99 | 17.17 |
Copper
Indicators
| Moving Averages | RSI | Parabolic SAR | CCI |
| Long | Overbought | Long | Long |
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 285.23 | 289.50 | 296.04 | 300.31 | 306.85 | 311.12 | 317.66 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 293.77 | 296.32 | 297.90 | 299.18 | 300.45 | 304.58 |
This post was originally published by EarnForex
