Risk Aversion Drags Gold Lower. Forecast as of 23.10.2026

Until recently, gold held up well despite rising Treasury yields and a stronger US dollar. When both factors turned in its favor, XAU/USD unexpectedly fell. What caused the drop? Let's discuss this topic and outline a trading plan.Major Takeaways Gold is being sold off along with stocks. The Brent rally is putting pressure on the XAU/USD pair. The long-term outlook for gold remains bullish. Consider buying gold if it settles above $4,010.Weekly Fundamental Forecast for GoldThe sell-off in tech