Ilana reports: gold drops below $4000; The heavy shadow of the American elections on the market, the drop in gold prices below $4,000 due to the strong GDP in the US and inflation data increased the possibility of an interest rate hike by the Federal Reserve. On the eve of the midterm elections, the XAU/USD technical trend remains bearish and under selling pressure.

Ilana reports: gold drops below $4000; The heavy shadow of the American elections on the market, the drop in gold prices below $4,000 due to the strong GDP in the US and inflation data increased the possibility of an interest rate hike by the Federal Reserve. On the eve of the midterm elections, the XAU/USD technical trend remains bearish and under selling pressure.