XAUUSD Bias: Short; Timeframe: Daily

Hello there, we may see a sell continuation today in the gold market as the price is currently lingering between 61.8 and 50 percent of Fibonacci levels in the downtrend market. Also, a nice bearish engulfing candle that completely swallowed the previous bar has been printed on the chart, showing us that the bears are in control.

Market condition: Bearish

Order Type: Market

Stop loss: Place it above the bearish engulfing candle=1940.745 or 1935:313, depending on your lot size.

Profit Target:

First: 1907.931
Second: 1894.313
Third: 1829.365--Don't be greedy.

Happy trading