XAUUSD Short Trade Setup

XAUUSD made an impulsive move lower from the high at 2721. A 3-wave corrective structure will give us the additional confirmation for more downside potential. A short trade is favorable with a sell limit order within the 2780 area against the 2721 invalidation level.
Note
Price is currently testing the key area. Refer to the newly published idea for more detailed analysis.
Wave Analysis

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