Forex Trading Library

Gold–26.02.2025

By Rami Abu-Draa On Feb 26, 2025

Gold retreated yesterday and fell below 2930 to print a low around 2888.

As we see over the chart, the market is now facing the support of 2888 and resistance at 2930 which could create a trading zone.

Above 2930 Gold could advance further with resistance around 2955.

Below 2888 more of a drop could hit the market toward 2864-70.

	SUPPORT	RESISTANCE
LEVEL1	2888	2930
LEVEL2	2864-70	2955
LEVEL3	2835-40	2980

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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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