Forex Trading Library

Gold – 29.11.2024

By Rami Abu-Draa On Nov 29, 2024

Gold managed to hold trades above support 2605-10 where managed to met target 2643 and 2658

As we see over the chart, market facing resistance around 2670-75 where as long as market keep holding trades below it a drop correction may hit the market toward 2605-10 zone

Above 2675 more advance may hit the market where resistances laying at 2688 and 2710-20

	SUPPORT	RESISTANCE
LEVEL1	2654	2670-75
LEVEL2	2633	2688
LEVEL3	2620	2710-20

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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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