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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Technical analysis: key levels for gold and crude

Gold’s rally is losing steam, while oil is maintaining its upward move. 

Gold
Source: Bloomberg

Gold turns down as equities recover

The recovery in equities late on in yesterday’s session prompted a wave of selling in gold, wiping out most of the gains for the day.

If this continues, then $1270, and then $1264 come into play. It requires a move back above $1280, and then on above the key $1290 level to suggest a broader rally is in the making.

Brent clambers higher for a second day

Brent is recovering after heavy losses earlier in the week. Continued gains would head to $63.03 and then the high from the beginning of the month at $64.56.

A failure to move higher would target the $60.00 level, and then on to $58.93, and then $58.48.

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