Skip to content

Gold Price Forecast – Gold breaks key developing channel

Gold November 11 2021

We’ve been modelling a potential channel on gold which leads nicely up to our next entry zone. However this potential channel was broken to the upside yesterday and again today. Whilst this is good news for the target zone it is NOT good news for a potential short entry.

This is where the old saying “the trend is your friend” really comes into play and those who want to go short really should do so with extreme caution, stops and a high reward to risk ratio. Let’s see how this move plays out over the next week. If it settles down there could be a nice opportunity for a long entry at around 1840 which would lead up to the question mark zone around 1900. This entry would have a 5:1 reward/ risk ratio.

Gold November 11 2021
Gold Chart November 11 2021
$ 15.00
Personal Info

Donate quickly and securely with Stripe

How it works: A Stripe window will open after you click the Donate Now button where you can securely make your donation. You will then be brought back to this page to view your receipt.

Index Setups

Please Donate to help keep our analysis FREE

Donation Total: $15.00


The content on this site including products sold in our store and our posts on Twitter, Facebook, Instagram, Pinterest, Linkedin and any other site or medium are not investment advice. If you wish to trade or invest based on our analysis you should do so with great caution and consult your financial adviser. Remember never to invest or trade more than you can afford to lose.