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CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Technical analysis: key levels for gold and crude

Oil continues to leap higher, but gold’s attempt to rally has been defeated once again. 

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Gold rally stopped by sellers

Gold continues to try and move back to $1320, but sellers are still able to hold it in place.

However, dips below $1307 are also finding buyers. A resolution of this stand-off will likely result in dramatically increased volatility.

Gold chart

Brent holds steady

After touching fresh highs for the year, Brent is holding firm just below $78.

With momentum so overbought, we may see a pullback, but anything that holds above $73 will likely remain a buying opportunity. 

Brent chart

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