Forex Trading Library

Gold–22.04.2025

By Rami Abu-Draa On Apr 22, 2025

Gold met the price of 3440 and closed towards the second target of 3500.
As we see over the chart, Gold faces a chance for a correction wave as long as the market holds below the resistance of 3500-10, where the support trend is around 3430-35.
Below 3430 more of a drop could hit the market toward 3364-69.
Above 3510 could activate a farther advance wave.

	SUPPORT	RESISTANCE
LEVEL1	3460	3500-10
LEVEL2	3440	3550
LEVEL3	3330	3600

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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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