When will gold go up?

Written by Raul Lopez on . Posted in Trades & Analysis

I’m going to tell you the truth, I don’t know… in fact, no one knows for sure! But (there is always a “but”) I can tell you a few things that will give you so insight about when it is likely to resume its upward movement.

Right now, gold (XAUUSD) is trading pretty close to an important long term level (around 1553.33). Before I start looking for trade opportunities, I need to make sure gold is rejected from the important support level that I’m talking about. When will this happen? When it breaks the resistance level of the short term range, only then I will feel more comfortable looking for long opportunities:

So once it breaks the green short term resistance level, I’ll start looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Course

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

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