Forex Trading Library

Gold 2018-06-12

Technical Analysis

By رامي أبو دراع Last updated Oct 31, 2021

As we advised last week and as we see over our previous chart

Gold managed to hld tight trading zone while market showing continues drop pressure

Market facing Intraday support level at 1282 where as long as market holding above the chance for another advance wave toward 1315-18 may hit the market

Below 1282 more drop toward 1265 zone will be expected

	Support	Resistance
Level 1	1293	1308
Level 2	1282	1315-18
Level 3	1265	1325

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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