Technical analysis: key levels for gold and crude

Gold and oil both remain under pressure, although the downside for both remains limited.

Gold price still dropping

The price continues to fall for gold, heading back towards the $1310 area that marks the bottom end of the current range.

A rally will target $1330 and then $1346.

WTI could push above $66.00

Dips towards or below $63.00 continue to find buyers and, as a result, the recent pullback may be coming to an end for WTI. Following this, a move back above $66.00 could be on the cards.

Below $62.56 and the 50-day simple moving average (SMA) of $62.70, $60.74 and then $59.00 come into play.

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