Technical analysis: key levels for gold and crude

Gold has held key support again, while oil’s bullish momentum has picked up steam once again. 

Gold holds current level

Gold has continued to hold the $1307 area, raising the prospect of another move back towards the middle of the current trading range.

From here, $1314 and $1326 are near-term targets on the upside, and then $1295, $1284 and $1264 on the downside.

WTI continues rally

The next target for the continued rally comes in at $73.25 for WTI, having seen the price spike higher on the back of Iran news.

Dips back towards $66.00 may well continue to be buying opportunities.

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