Forex Trading Library

Gold – 02.06.2025

Technical Analysis
By Rami Abu-Draa
Gold – 02.06.2025
1 29

Gold managed to hit a rebound today to close again to the resistance zone at 3365-70.

If the market holds below the resistance zone of 3365-70, another drop toward 3270 and 3245 will be expected.

Above 3370 more advance toward 3415 could hit the market.

SUPPORT RESISTANCE
LEVEL1 3325-30 3365-70
LEVEL2 3270 3395
LEVEL3 3245 3415

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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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1 Comment
  1. 4o Image API says

    Nice technical breakdown. I’m watching the 3370 level closely too—feels like a breakout could trigger a sharper move than expected.

    Reply
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