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XAUUSD to continue downtrend

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
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OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Technical Indicators Fundamental Analysis XAUUSD forextrading forextradingeducation
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Price just tested 200 MA in D1 time frame and this area is also a strong resistance in past, overall fundamentals also indicates strong USD combined with a strong barish engulfing candle just 2 cadles back. This all scenario indicates gold has not yet finished its bearish move and will further go bearish.

Sell XAUUSD around 1842.00 , TP: 1790.00 , SL: 1865.00

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