Technical analysis: key levels for gold and crude

Gold has hit resistance, but oil prices are still looking to move higher.

Gold’s bounce under threat

The price for gold has rallied to the $1236 area, but now is under pressure once again.

Short-term rising support may come in around $1225, but a break below here suggests a move back to last week’s lows at $1214. A close above $1236 brings $1250 and $1261 into view.

WTI still on the up

The buyers remain in control of WTI, pushing the price higher, with a rally back towards $73 looking likely.

A close below $66 negates this bullish view.

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