Forex Trading Library

Gold –30.04.2026

By Rami Abu-Draa On Apr 30, 2026

Gold managed to hit the target of 4554 and managed to fall below it.
As we see over the chart, Intraday prices remain under pressure with resistance at 4680. If prices hold below it, the downtrend could sustain towards the second target of 4306.
Above 4680 the market could start to gain some strength toward 4765-95.

	SUPPORT	RESISTANCE
LEVEL1	4580	4680
LEVEL2	4510	4765-95
LEVEL3	4400	4830

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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