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Gold Price Outlook November 16 2021

Gold November 16 2021

Gold is beginning a small retracement and is hopefully on it way down to our next long entry zone. This is quite a large zone when looking at the limited/ questionable upside. Initially we were hoping for a bounce at just under 1840 but this may be too high. We’d be happier taking a long at around 1815 to 1820 which would allow a sensible stop for a 5 times reward risk ratio.

Lets see how it plays out in the next few days as time is a limiting factor on this one – key trends lines will be missed or breached!

Gold November 16 2021
Gold Chart November 16 2021
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