Forex Trading Library

Gold 11-08-2025

Technical Analysis
By Rami Abu-Draa
Gold 11-08-2025 orrected down from the 3400-05 resistance zone, hitting targets near 3358-62. Key support at 3335 may hold the trading zone,
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Gold managed to hit drop correction movement from 3400-05 resistance zone as we advised last week where managed today to hit target 3358-62 and below

As we see over the Intraday chart, market facing resistance around 3380 while support at 3335 which may creat trading zone

Below 3335 more drop will be expected with supports at 3310-15 and 3282

Above 3380 more advance to re-test 3400-05 resistance may hit the market

SUPPORT RESISTANCE
LEVEL1 3335 3370-80
LEVEL2 3310-15 3400-05
LEVEL3 3282 3438
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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