There is a nice short trade set-up forming on the Gold market.
Price need to get on the 1100$ area to complete a nice Butterfly pattern. This area is converging with a good resistance level also. The Elliott waves analysis show that we could be anticipating a final wave 5 ending on the 1000$ area.
The Risk/Reward on this trade could be 15:1 but it will all depend on the price action within the PRZ area.
Have a good trade. "Suppose that this trade would be a loser and act accordingly with proper Risk management"