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Technical analysis: key levels for gold and crude

Gold still looks strong, but oil is threatening to move lower once more.

All trading involves risk. Losses can exceed deposits.

Gold recovers and aims to push higher

The uptrend for gold is intact here, with a move above $1337 targeting $1345 and the highs from last week.

Support is possible around $1326, and then $1314 and $1307.

Brent holds its ground

The rally from the lows of $68.00 looks to be petering out for Brent, with an inability to push above $69.23 suggesting that the sellers will regain control.

Below $68.00, the $66.86 and $64.56 levels come into play. While the trend is still up, we could be looking at a deeper retracement in the near future. 

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