Forex Trading Library

Gold –20.01.2025

By Rami Abu-Draa On Jan 20, 2025

Gold hit a correction and managed to test the support of 2689 today.

The market faces support around 2689 and 2676 where one of those supports could keep the advance wave ongoing toward 2740.

Below 2676 more of a drop could hit the market with support at 2656.

Below 2656 more of a drop will be expected.

SUPPORT	RESISTANCE
LEVEL1	2689	2715
LEVEL2	2676	2726
LEVEL3	2656	2740

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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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