Forex Trading Library

Gold–04.04.2025

By Rami Abu-Draa On Apr 4, 2025

Gold Intraday Indicator start to show weekness which may lead for farther drop correction movement

As we see over the chat and as long as market holding support 3055-65 a chance for another advance toward 3150 may hit the market

Below 3055 more drop toward 2980-3000 will be expected which in tirn may activate some rebound correction toward 3050

	SUPPORT	RESISTANCE
LEVEL1	3055-65	3113
LEVEL2	2980-3000	3137
LEVEL3	2905	3167

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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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