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Where gold stands after Nov 13
Gold sat near $3,888 on Friday, a day after hitting a 13-month low of $3,852. It fell over 4% in five days. The record high was $5,595 on January 29, so gold is now roughly 30% below its peak. (Gold Price Today: $3,888 Friday on PPI Day After a 13-Month Low, Bull $3,963, Bear $3,800 +2)
Why it's falling 📉
Hot CPI and PPI reports raised expectations of a December Fed hike and lifted the dollar. Gold pays no interest, so higher rates weigh on it. October PPI actually rose 0.3%, below forecast, but December hike bets stayed alive. Goldman also cut its gold forecast to $4,150 for 2026. (Gold Price Today: $3,888 Friday on PPI Day After a 13-Month Low, Bull $3,963, Bear $3,800 +3)
Key levels 🎯
• Support: around 3,790, with $3,852 as the first level below.
• Resistance: $3,963, then 4,150, where a breakout would open the way to further gains. (Gold price forecast for next week: XAUUSD levels for 16–20 November 2026 - RoboForex +2)
This week's calendar 🗓️
Tue: US retail sales. Wed: FOMC minutes. Fri: Michigan inflation expectations. Strong data or hawkish minutes could add pressure. (roboforex)
Scenarios
🔴 Bearish: hot data and hawkish Fed talk strengthen the dollar, and gold retests $3,852 and the 3,790 zone. One analyst view calls the outlook bearish while gold trades near 3,900.
🟢 Bullish: softer data and less hawkish minutes could trigger a rebound toward $3,963 and possibly 4,150. Societe Generale estimates $3.3B of buying from index rebalancing.
🟡 Wildcard: geopolitical escalation can lift safe-haven demand. (roboforex) (financefeeds)
Bottom line: The trend is down for now, but gold is near an important support area. Wait for a clear break or bounce, use stop-losses, and avoid heavy leverage around the minutes.
Where do you see gold ending the week? 🐂 or 🐻 Comment below 👇
#Gold #XAUUSD #Fed #BinanceSquare #INF