Forex Trading Library

Gold–07.04.2025

Technical Analysis

By Rami Abu-Draa On Apr 7, 2025

Gold fell below the support 3055 last Friday and met the target of 2980.

As we see over the chart, the market is now facing resistance around 3055 and support around 2980-90.

Above 3055 more advance will be expected with resistances around 3075 and 3100-20.

Below 2971 more of a drop toward 2952 could hit the market.

	SUPPORT	RESISTANCE
LEVEL1	3018	3055
LEVEL2	2980-90	3078
LEVEL3	2952	3100-20

Join our responsible trading community - Open your Orbex account now!

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.

Crude Oil –07.04.2025

Dow Jones–07.04.2025