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Gold dropped below $4,000 and the US dollar hit a 19-month-high.

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Gold dropped below $4,000 and the US dollar hit a 19-month-high.

By Alan Solarsh · 13 November 2026

Gold dropped below $4,000 and the US dollar hit a 19-month-high. Two days. One number.

October inflation in the US came in at 0.4% for the month, against 0.3% expected. Overnight, the talk on Wall Street changed from rate cuts to a December rate hike.

I see it differently. This price rise comes from the war and the cost of fuel. Every truck, every repair and every hospital bill carries that cost. Families are not spending more. They are just paying more for the same basket. Raising interest rates will not bring the oil price down.

My gold call: lower first, $3,700, then $3,500. Still, the institutions hold roughly five buy contracts for each sell contract on gold. So I see this drop as short-lived. Selling gold here? Keep the trade small. A sharp jump up can come without warning.

Pros: a clear reason behind the move, and a strong dollar trend.

Cons: the hike is already priced in. One soft inflation report can flip the dollar fast.

I look at what the institutions hold on the free COT Data page before every trade. Comment COT DATA and I will DM you the link.

Forex trading carries risk.

If you want to learn how to do this, this is the tool I use: https://forexrobots.co.za/cot-data/

First published on Facebook (Forex Robots), Instagram (afxwealth). Forex trading carries risk.

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