Forex Trading Library

Gold –06.07.2026

Technical Analysis
By Rami Abu-Draa
Gold –06.07.2026
0 12

Gold managed to meet the target of 4200 early today.
As we see from the chart, prices are facing a trading zone between support 4100 and resistance 4200-20.
Above 4220 more advance toward 4300 will be expected.
Below 4100 more of a drop toward 4030 could hit the market.

 

SUPPORT RESISTANCE
LEVEL1 4145 4200-20
LEVEL2 4100 4300-10
LEVEL3 4030 4380
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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