Forex Trading Library

Dow Jones–04.08.2026

By Rami Abu-Draa On Aug 4, 2026

Dow managed to meet target 53335 which still holding back the market

As we see over the chart, Intraday first support laying at 52800-50 where as long as market holding above it more advance toward 54000 is likely

Below 52800 more weakness may gather for farther drop toward 51990

	SUPPORT	RESISTANCE
LEVEL1	52800-50	53335
LEVEL2	52650	54000
LEVEL3	51990	54600

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.

Gold –04.08.2026