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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Technical analysis: key levels for gold and crude

Gold has finally found some real upward momentum, while the oil rally has surged back to life.

Gold
Source: Bloomberg

Gold runs higher after sluggish few weeks

We finally seem to have lift-off in the gold rally.

The next levels to watch on the upside are $1296, and then $1307, with a break of the latter suggesting a much broader rally is at hand. Below $1274, the $1264 level comes into play.

WTI breaks recent high

The price of WTI has pushed above the $58.07 high, with intraday dips being bought once again.

The next area to watch is $62.56, while pullbacks towards $55.00 would remain buying opportunities. 

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