Forex Trading Library

Gold – 14.08.2024

By Rami Abu-Draa On Aug 14, 2024

Gold managed to sustain an advance while managing to hit a 2478 high today.

With the market preparing for the US Inflation data today, prices have a chance for another drop toward 2440 and 2380-85.

Above 2495, the market could enter a new uptrend toward 2575.

SUPPORT	RESISTANCE
LEVEL1	2440	2475-95
LEVEL2	2410	2535
LEVEL3	2380-85	2575

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Gold

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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