GOLD 4H – Short Setup

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GOLD 4H – Short SetupGold vs US DollarICMARKETS:XAUUSDOGwavetraderHi fellow traders, On the 4H GOLD chart, I am applying Elliott Wave principles to outline a potential short setup. The recent move up appears to be a wave 4 correction, and I am expecting a final wave 5 to the downside to complete the structure. Within my strategy, I look for entries in key reaction areas where multiple tools come together to provide confluence. The current region aligns with that idea, while the downside target sits within the Blue Box, where I expect price to be drawn into. Entry: current price Stop Loss: 4996.22 Take Profit: 3859.42 If price breaks above the stop level, this setup is no longer valid. Good luck and trade safe!