Forex Trading Library

Gold – 28.01.2025

By Rami Abu-Draa On Jan 28, 2025

Gold managed to fall below the first support of 2738, while the market still holds above the support 2720-25.

As we see over the chart the Intraday levels show a possible trading zone between support 2720-25 and resistance 2745-50.

Above 2750, more strength signals could control the market for further advance toward 2770 and 2790.

Below 2720 more of a drop could hit the market.

	SUPPORT	RESISTANCE
LEVEL1	2720-25	2745-50
LEVEL2	2690	2770
LEVEL3	2670	2790

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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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