Forex Trading Library

Gold –06.12.2024

By Rami Abu-Draa On Dec 6, 2024

As we see over the Intraday chart, Gold faces a downtrend resistance line around 2652-55, which could keep the pressure on toward the support zone of 2605-10.

Above 2655 more advance will be expected with resistances at 2675 and 2688.

Below 2605 more of a drop toward 2570-75 will be expected.

	SUPPORT	RESISTANCE
LEVEL1	2625	2652-55
LEVEL2	2605	2675
LEVEL3	2570-75	2688

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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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