Gold Target for Week of November 23rd

Sell: $1160 to $1180 | High Target: $1175-80

Gold is moving up and the charts keep getting stronger on the daily, but only on the daily. Right now we are open game for $1180.40 on the daily but I’ve taken notice that our weekly and monthly charts are extremely over stretched. At this point I would take profits in gold and stay on the sidelines. I’m anticipating a large drop before the end of November. Hopefully we will find a good buy opportunity sometime in December, but at this point I’m making the call to take profits. Enjoy trading everyone.