Forex Trading Library

Gold – 05.11.2024

By Rami Abu-Draa On Nov 5, 2024

Gold managed to hit another drop today before market showing some rebound chances

As we see over the chart and as long as market keep trading above 2725 the the rebound movement may expand toward 2762-65 zone

Below 2725 more drop may hit the market while second support 2708 still protecting the market for another advance wave

	SUPPORT	RESISTANCE
LEVEL1	2725	2748
LEVEL2	2708	2762-65
LEVEL3	2680-85	2790

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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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