Forex Trading Library

Gold –02.05.2025

By Rami Abu-Draa On May 2, 2025

Gold hit some rebound before testing the support of 3187-93.

As we see over the intraday chart, prices are facing resistance inside 3265-80 which could push again for another drop wave towards 3187-93.

Above 3280, the advance scenario could control the market for an advance with resistances at 3320 and 3350.

SUPPORT	RESISTANCE
LEVEL1	3245	3265-80
LEVEL2	3200	3320
LEVEL3	3187	3350

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 –02.05.2025

Dow Jones –02.05.2025