Forex Trading Library

Gold –13.01.2025

By Rami Abu-Draa On Jan 13, 2025

Gold managed to break above the 2685-90 resistance last week.
As we see over the Intraday chart, market is facing support around 2665 where as long as prices hold above it, the advance wave still has a chance to expand toward the 2740 zone.
Below 2665 market could drop toward the 2620-25 zone.

	SUPPORT	RESISTANCE
LEVEL1	2677	2697
LEVEL2	2665	2720
LEVEL3	2620-25	2740

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Gold XAU

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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