Forex Trading Library

Gold – 20.11.2024

By Rami Abu-Draa On Nov 20, 2024

Gold managed to hit the target of 2620-30 as projected last week.

As we see over the chart, the market is facing Intraday resistance around 2640-43. If prices hold below it, then another drop back toward 2585-88 is likely.

Above 2643 more advance toward 2680-90 could hit the market.

SUPPORT	RESISTANCE
LEVEL1	2607	2640-43
LEVEL2	2588	2665
LEVEL3	2554	2685

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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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