Forex Trading Library

Gold –23.02.2026

Technical Analysis
By Rami Abu-Draa
Gold –23.02.2026
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Intraday levels show a potential Rising Wedge formation which could set a trading zone, as long as the market remains below the 5175-80 resistance.
Supports start from 5129 and 5035.
Above 5180, more advance could hit the market towards 5240 and 5400.

SUPPORT RESISTANCE
LEVEL1 5129 5175-80
LEVEL2 5035 5240
LEVEL3 4960 5400
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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