Forex Trading Library

Gold 2018-04-30

By رامي أبو دراع Last updated Nov 15, 2021

Gold still trying to hold support zone where market facing chance for trading zone between 1315 and 1335

Below 1315 the risk for farther drop may hit the market where another support laying at 1302-05 which may push the market again for rebound correction

below 1302 Gold may head for new downtrend wave that may target 1260-70 zone

Above 1326 more advance toward 1335 zone is expected

	Support	Resistance
Level 1	1315	1326
Level 2	1302-05	1335-36
Level 3	1290	1350

Gold

رامي أبو دراع

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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