Technical analysis: key levels for gold and crude
Brent is looking to rally out of a triangle formation while gold is trying to move back towards recent resistance.
Gold aiming for a rebound
The price of gold continues to hold the lows around $1303.
However, it now needs to move above $1315, which has held back progress over the past week. Above this $1326 comes into view. A more bearish view requires a break below $1304.
Brent looks to break higher
A symmetrical triangle has formed the outlook for Brent over the past two weeks.
The price is now attempting to break higher and push on towards $62.50 and $63.00. A failure to hold gains would suggest a move back towards $61.00.
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