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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Technical analysis: key levels for gold and crude

Gold prices are still unable to mount a decent rally, but oil has found renewed strength.

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Gold unable to break $1205

Gold faltered at $1205 yesterday, as it has done over the past week.

A close above this level is needed to test $1214 and create a potentially more bullish outlook. Further declines will bring previous support at $1195 and $1180 into view.

Gold chart

WTI clears $70 resistance

WTI has cleared the area of resistance around $70.50, and is now moving higher, targeting $73.00 and $74.00.

The bullish view persists until we see a close below the $68.00 level.

WTI chart

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