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CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Technical analysis: key levels for gold and crude

Gold and oil are both moving higher, with their rising trends still intact. 

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Gold targets $1307

Gold continues to move higher after holding the rising trendline earlier in the week.

Further gains will target the vital $1307 level, which has been previous support but is now significant resistance. Any move that fails to break this level suggests a lower high has been created.

Brent turns higher, restoring bullish view

It looks like the buyers may have turned Brent around, pushing the price off the $74.50 support zone.

The next job is the downtrend line from the May highs, which would suggest resistance coming into play around $77.50. A close below $74.00 is needed to suggest a more bearish view. 

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