Gold is going up (a lot) and George Soros agrees with me

Did you have a chance to profit from my article on GBP crosses yesterday? I heard some of you did! But if you didnt, there is still room to take a few trades… comment below if you need help.

Today lets talk about Gold (XAUUSD), because there is a lot of evidence that it will move up, and very fast!

Now, you shouldn’t consider this article as a signal, so don’t trade it right now, remember you need to wait for the right moment! Wait for your signal and then boom!

So traders, you know gold is a commodity, and as every commodity, tends to go up over time. Why? Because there is a limited amount of gold available, there is no way to “create” it. So as times go by, gold resources go down, which makes its price move up.

Also, the greatest Forex trader ever George Soros seems to agree with this… here are just a few articles about it:

Bloomberg
The Street
CNN
The Wall Street Journal
Forbes

Still not convinced?

The most important reason of them all! That’s what charts are telling us!

Gold XAUUSD 1W

As you can see, just broke through an important resistance level, we still need to wait a little bit to confirm that breakout though, but in the following days, it might be a very good buy!

Do you agree with me?

Leave a comment!

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • Mairy 007

    hi raul
    yes i agree with you .. but market make two high before

    • Raul Lopez

      Yep, for now we need to wait a little longer… I’ll be looking for a long opportunity on the short term charts.

      • Mairy 007

        thanks Raul .. i am learning many things from you .. you are awesome man !!

        • Raul Lopez

          Glad to hear that! Good luck!

          Let me know if I can help you with anything else!

          • Mairy 007

            i learned from two teachers .. they gave me some indicators and told my how to use them !
            raul i love your simple trading style and want to learn
            sory for my bad english :D

          • Raul Lopez

            Dont worry, I understand what you are saying!

          • Mairy 007

            thanks :)

  • Varahala Babu

    hi raul bro,

    Good article….thanks

    • Raul Lopez

      Hey Varahala!!!! Thank you very much!

      How is everything? Did you take any of the GBP trades?