Gold Target for Week of November 16th

Buy: $1115 | Stop: $1100 | Target: $1136 | Quick Target: $1125

Wow, what a rally we are seeing. We are making new record highs every week and I’m guessing all my readers are cashing in non stop. I feel that we might peak out at 1135 during this week and go sideways for a week or two. I still think there is a play for the upside during this week but I’d definitely play with caution. Once we hit our upside target, take your profits and sit back till we see a good buy opportunity. Happy trading everyone!