Forex Trading Library

Gold 2018-05-09

By Rami Abu-Draa Last updated Oct 31, 2021

Gold managed to hold trades above support 1302 which may provide farther rebound correction toward 1325-27 zone

Short-Run resistance still laying at 1333 where as long as the daily close sustain below 1333 market may build another drop wave toward 1260-70 zone

A daily close above 1333 may restore the uptrend again

	Support	Resistance
Level 1	1302	1320-22
Level 2	1290	1333
Level 3	1280	1350

Gold

Rami Abu-Draa

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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