Forex Trading Library

Gold 2018-06-20

Technical Analysis

By رامي أبو دراع Last updated Oct 31, 2021

As we advised early this week and as we see over our previous chart

Gold managed to hit below 1282 where market still looking to see the test for the Short-run support 1265-68 zone

As long as market holding above this support another advance wave toward 1305-10 zone will be expected

Below 1265 market may head for farther drop toward 1240

	Support	Resistance
Level 1	1265-68	1284
Level 2	1240	1295
Level 3	1220	1305-10

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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