Gold = Elliott Correction Short

Gold appears to have made a 5 wave impulsive move from Aug 2018 and completed in March 2020.

A corrective phase may be in play with waves a and b completed. If so then the next is a c wave to the downside.

Fibonacci extension of the a wave and Fibonacci retracement of the impulsive waves sets a projected target to the downside
between $1324 - $ 1368.

Entry = closer to $1600

Stop = above B wave

Target = $ 1345

RR = 5......