Gold before US Core PPI: the liquidity map.

Chart: gold H1, OANDA XAU/USD data to 12:00 GMT, 13 November 2026. The orange line marks the release at 13:30 GMT (18:30 PKT).

Where is gold before the release?

• On 12 November gold fell from 4,000.73 to a week low of 3,852.58 (15:00 GMT).
• It then made a higher low at 3,872.21 (21:00 GMT) and a high today at 3,923.09 (03:00 GMT).
• Since then price has drifted back and is trading near 3,896, just above two lows at 3,886.6–3,889.9 (equal lows).

Where is the liquidity?

• Buy-side liquidity (BSL) above: today's high at 3,923.09, then the 12 Nov 11:00 high at 3,955.77 and the 12 Nov 01:00 high at 4,000.73.
• Sell-side liquidity (SSL) below: the equal lows at 3,886.6–3,889.9, then 3,872.21 and the week low at 3,852.58.
• News candles often run one side of these pools first. The equal lows sit only about 60–90 pips under price, so they are the nearest pool.

What could the PPI number do?

• Softer PPI (weaker dollar): a push up into buy-side liquidity at 3,923, then 3,955.
• Hotter PPI (stronger dollar): a sweep of the equal lows at 3,887–3,890, then 3,872 and 3,852.
• A first spike in one direction that reverses on a candle close is common. The first move is not the setup.

How we treat the release

• No new entries from 1 hour before the release (12:30 GMT) until 45 minutes after it (14:15 GMT).
• After the spike: wait for the sweep of a level, then an M15 change of character (CHoCH) on a candle close.
• The zone to study is the order block of that CHoCH leg. No CHoCH means no setup.

We will post the reaction (the number, how far gold moved and which levels were taken) after the release.

Common questions

What time is US Core PPI on 13 November 2026?

The release is at 13:30 GMT, which is 18:30 in Pakistan (PKT) and 8:30 in New York.

Where is gold before the Core PPI release?

Near 3,896 at 12:00 GMT, between buy-side liquidity at 3,923 and 3,955 and sell-side liquidity at the 3,887–3,890 equal lows, 3,872 and the 3,852 week low.

What does a hotter or softer PPI usually mean for gold?

A hotter print tends to support the dollar and weigh on gold; a softer print tends to do the opposite. The first reaction often reverses, so we wait for structure to confirm.

Is this a trade signal?

No. This is an educational study of market structure around a news release. It is not a trade call or a recommendation to buy or sell.