Forex Trading Library

Gold–09.04.2025

By Rami Abu-Draa On Apr 9, 2025

Gold managed to hold above 2952-56 and rebounded toward the 3055 resistance.

As we see from the chart and if prices hold below the 3055 resistance, another drop wave towards 3020-22 and 2955-70 will be expected.

Above 3055 more advance is likely with resistances at 3075 and 3110.

	SUPPORT	RESISTANCE
LEVEL1	3020-22	3055
LEVEL2	2999	3075
LEVEL3	2970	3100

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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