Forex Trading Library

Gold –08.04.2026

By Rami Abu-Draa On Apr 8, 2026

Gold managed to meet the 4820-60 target zone.
As we see from the chart, Intraday support is at 4700 while the target and resistance is at 4920-50 which could hold this uptrend channel.
Below 4700 more of a drop is expected with support at 4650 could lead to an advance again.
Above 4950 more advance toward 5200 will be expected.

	SUPPORT	RESISTANCE
LEVEL1	4790	4860
LEVEL2	4700	4920-50
LEVEL3	4650	5045

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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