Gold closed the previous week unchanged as investors speculate whether the Fed outlook is hawkish or dovish. Gold prices have been also affected by the geopolitical tension between North Korea sand the US and the terror attack in Spain. Gold trades around the $1291 and is expected to test $1300 as geopolitical tension continue to weigh on markets.

Oil prices closed the previous week in a mixed sentiment as concern of high US production clash with OPEC’s output cut.

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 20th, 2017:

Crude Oil

Indicators

Floor Pivot Points

Fibonacci Retracement Levels

Gold

Indicators

Floor Pivot Points

Fibonacci Retracement Levels

Silver

Indicators

Floor Pivot Points

Fibonacci Retracement Levels

Copper

Indicators

Floor Pivot Points

Fibonacci Retracement Levels

This post was originally published by EarnForex

This article was originally posted on FX Empire

More From FXEMPIRE:

• Commodities Technical Analysis, August 21st – August 25th, 2017

• Is Bitcoin Ready to Steal the Safe Have Status from Gold?

• Bitcoin Cash Soaring to Record High Above $900 as It’s More Profitable to Mine than Bitcoin

• Gold ready to charge on Geopolitical Tensions

• Price of Gold Fundamental Weekly Forecast – Central Banker Comments at Jackson Hole Could Set the Tone

• Oil Price Fundamental Weekly Forecast – Traders Worried About Bearish Chinese Demand, Rising U.S. Production