Forex Trading Library

Gold 2018-05-14

Technical Analysis

By Rami Abu-Draa Last updated Oct 31, 2021

Gold managed to head for rebound correction as we advised last week where market managed to hit target 1325-27 zone

Market still facing downtrend pressure as long as the daily close sustain below 1333 as we advised before

Intraday Levels showing support at 1317 and 1302

	Support	Resistance
Level 1	1317	1333
Level 2	1302	1346-47
Level 3	1290	1365

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.

Oil (F) 2018-05-14

Dow Jones 2018-05-14