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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

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.

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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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