Forex Trading Library

Gold–12.02.2025

ChatTechnical Analysis
By Rami Abu-Draa
Gold–12.02.2025
0 25
  • Gold is testing the support 2880.
  • As we see over the chart, if the market manages to hold above 2880, a chance for a rebound correction toward 2925-30 could hit the market.
  • However, indicators show some weak signals which could lead for a drop below 2880 to test 2850-55 or 2835-40, where one of those supports could re-activate the advance again.
  • SUPPORT RESISTANCE
    LEVEL1 2880 2908
    LEVEL2 2850-55 2930
    LEVEL3 2835 2942
  • //www.orbex.com/blog/wp-admin/admin.php?page=sh-cd-shortcode-variables-your-shortcodes&action=edit&id=125″>

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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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