From TradingView · · 40s
Gold Price Strategy for November 13
Gold prices may drop below 3,850 as U.S. inflation data drives bearish trends.
In brief
Gold prices may drop below 3,850 as U.S. inflation data drives bearish trends. Gold could fall to 3,850, 3,820 if U.S. PPI data exceeds expectations. Originally reported by TradingView.
Gold Price Trend
Gold prices may drop below 3,850 as U.S. inflation data drives bearish trends.
Key Data Point
U.S. Producer Price Index for October due Friday could push gold below 3,850.
Technical Indicators
10-day and 7-day moving averages crossed downward, confirming bearish structure.
Trading Strategy
Sell gold between 3,930, 3,945 with stop-loss at 3,960 targeting 3,850, 3,820.
The key point
Gold could fall to 3,850, 3,820 if U.S. PPI data exceeds expectations.
