Forex Trading Library

Gold–23.05.2025

Technical Analysis
By Rami Abu-Draa
Gold–23.05.2025
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Gold held above the support at 3275 while managing to advance towards 3350.
As we see over the chart, the market faces resistance around 3365-70 which could push for a drop toward 3275-95.
Above 3370 the market could have chance for an advance with resistances at 3415 and 3435.

 

SUPPORT RESISTANCE
LEVEL1 3325 3365-70
LEVEL2 3300 3415
LEVEL3 3275 3435
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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