Forex Trading Library

Gold – 22.01.2026

By Rami Abu-Draa On Jan 22, 2026

Gold failed to obtain a daily close above the major trend resistance zone at 4840-60.
As we see from the chart, the market is still facing some pressure towards the 4640-60 zone.
A daily close above 4860-80 could initiate a new uptrend wave towards 5000 and 5200.

	SUPPORT	RESISTANCE
LEVEL1	4755	4825-35
LEVEL2	4730	4855
LEVEL3	4700	4888

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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