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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 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 ensure that you fully understand the risks involved.

Technical analysis: key levels for gold and crude

Both gold and oil are looking to rally after recent declines. 

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Gold aims for a recovery

Gold has managed to bounce back above $1337, with the rising 100-period simple moving average (SMA) on the four-hour chart ($1335) acting as support.

Further gains back above $1350 would target the peak from last week at $1366. Below $1335, the $1326 and $1307 levels come into play. 

Gold chart

WTI dip buyers emerge

Losses for WTI over the past three sessions have carried the price below $64.00.

However, it would take a move below $62.78 to create a new lower low. Until this happens, the buyers still have the advantage. Upside targets include $64.82, and then $66.58. 

WTI chart

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