Technical analysis: key levels for gold and crude

The rout in equities has driven further buying of gold, while oil prices have held up well too.

Gold still on the up

The surge continues for gold, with the price heading towards the $1346 level.

From here, $1358 comes into play, and then $1361. Buyers came in yesterday at $1326.

Brent targeting break through $70.00

For now the price for Brent is stalling at $69.23. Further declines would head towards $67.66 and then $66.86.

Yesterday saw buyers come in at $68.23, so this is also an area of possible support. A push higher targets $70.85.

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