Forex Trading Library

Gold–19.02.2025

Technical Analysis
By Rami Abu-Draa
Gold–19.02.2025
0 24

Gold managed to hold above 2875 and advanced towards the target of 2935-40 again.

If prices hold below 2942, another drop back toward 2900 will be expected.

Above 2942 more advance toward 2980 is likely.

SUPPORT RESISTANCE
LEVEL1 2875 2942
LEVEL2 2858 2965
LEVEL3 2835 2980

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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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