Gold Short Setup for Today - 30 min chartGoldOANDA:XAUUSDRobertRockyLooking at Gold on the 30 min timeframe from an Elliot Wave perspective, this setup is what I am looking at for today. I believe we are still in a longer term correction and heading for sub 4000 on the gold charts. I am looking at a retracement before continuing lower. This setup offers a good risk-to-reward ratio in a continuing trend towards the downside. If the price drops lower after this analysis, remember to adjust the fib retracements accordingly. The 50% retracement is the minimum target I am looking at before shorting Gold. Good luck, trade safe!