Technical analysis: key levels for gold and crude
Gold’s rally has moved into a trading range for now, but oil prices continue to climb.
![Oil pump](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/news-article-image-folder/bg_trader_charts_337581260.jpg/jcr:content/renditions/original-size.webp)
Gold bounces around in a range
Gold has spent the week bouncing between $1280 and $1295. It is currently gearing up for another attempt to push higher, but a close above $1300 is needed to open the way to further upside.
Likewise, a close below $1280 would be needed to suggest further downside is likely.
![Gold chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/ContentImage/Gold 111019.png/jcr:content/renditions/original-size.webp)
Brent clambers higher
Brent and equities continue to move in lockstep. An elegant uptrend has developed, and a new higher high has been created early on in trading today.
Retracements intraday remain buying opportunities. A breakout above $63, the highs of early December, is the next event to watch for.
![Brent chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/ContentImage/Brent 111019.png/jcr:content/renditions/original-size.webp)
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