Gold 15m – Bearish Zigzag in Progress or a Larger Correction?

This analysis presents a bearish short-term setup on XAUUSD (15m) based on a clean Zigzag structure:

Wave A: Impulsive decline

Wave B: Contracting triangle

Wave C: Currently unfolding, with potential targets at 3170–3090

A potential short entry is highlighted within the yellow zone, with invalidation clearly defined above 3248.
If price accelerates lower after confirmation, the trade offers a favorable R:R setup.
If momentum is weak or price breaks above resistance, this count will be invalidated.

Alternative Scenarios:

This may evolve into Wave 3 of a higher-degree Zigzag,

or Wave A of a larger Flat correction if downside persists beyond expectations.

Let me know your thoughts — would you take this short, or do you see something else unfolding?