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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

Oil is trying to make more gains, while gold is still under selling pressure following yesterday’s drop.

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Gold takes another move lower

Further losses have been seen today, after gold's steep drop yesterday.

A fresh drop would head towards rising trendline support around $1204, while a rally back above $1215 would suggest that another attempt to break $1225 is possible, though a rally that finds resistance around $1220 would also suggest another selling opportunity.

WTI tiptoes higher

We have yet to see another wave of selling here for WTI, and the swift recovery from yesterday’s sell-off suggests that a possible bounce has further to go.

Above $53, the price will target $55 and then the $58 area. WTI has held $50 over the past four sessions, so a daily close beneath this would mark the beginning of a new leg lower.

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