Forex Trading Library

Gold – 29.01.2026

By Rami Abu-Draa On Jan 29, 2026

Gold managed to meet the first target at 5500 as prices look for the second target at 5800.
As we see over the Intraday chart, prices face supports at 5500 and 5445 whilst the target is still towards 5600 5700 and 5800.
Below 5445 more of a drop could threaten the market with supports at 5420 and 5350.

	SUPPORT	RESISTANCE
LEVEL1	5500	5600
LEVEL2	5445	5700
LEVEL3	5350	5800

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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