Forex Trading Library

Gold –11.05.2026

By Rami Abu-Draa On May 11, 2026

Gold managed to pass above the resistance of 4680 which could lead to a further advance towards target 4765-95.
As we see over the chart. The market is facing support around 4590-4630 which could keep the advance movement towards the resistance 4890.
Below 4590 more of a drop will be expected.
Above 4890 more advance toward 5000 will be expected.

	SUPPORT	RESISTANCE
LEVEL1	4660	4775
LEVEL2	4590	4890
LEVEL3	4510	5000

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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