Forex Trading Library

Gold–07.02.2025

By Rami Abu-Draa On Feb 7, 2025

Gold managed to feel few dollars below support 2840 yesterday before market rebound fast above this trend as we see over the chart

Market facing chance for trading zone between support 2835-40 and resistance 2873-76

As long as market sustain trades above 2835-40 a chance for farther advance toward 2885 and 2900 will be expected

Below 2835 more drop toward 2805-10 may hit the market

	SUPPORT	RESISTANCE
LEVEL1	2835-40	2873-76
LEVEL2	2805-10	2885
LEVEL3	2790	2900

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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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