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⚡️ XAUUSD outlook for week 40

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⚡️Gold prices fell for a second consecutive quarter after a decline that began in August and lasted through September, highlighted by the current week's decline - the worst in more than two years.

⚡️More significantly, gold gave up in September its hold on the key bullish level of $1,900 an ounce that the yellow metal had held since mid-August. That came after some investors found the dollar — the archrival to gold — a better safe-haven as U.S. economic growth remained relatively superior to the rest of the world.

⚡️But more than all these, gold was negatively impacted by a selloff in U.S. bonds that sent the dollar flying as investors chased yields. Bond yields, benchmarked to the return on the 10-year U.S. Treasury note, hovered at just under 4.58 on Friday after reaching a 16-year high of nearly 4.69 on Thursday.

⚡️ “Gold is getting crushed here despite some calm in the bond market as investors pile back into equities. Real yields are not backing away anytime soon and that still has gold on the ropes.

⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️

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