XAUUSD: Great short opportunity

Hi traders,

On the 4H timeframe of gold I'm looking to enter short around the 1220 area, where we have:

• 200% Fibonacci extension of the ABC move
  
• 38.2% Fibonacci retracement of the XA move
  
• Previous structure
  

Entry: 1220.48
Stop: 1224.57
Target: 1196.43 = R:RR 5.88

Good luck traders!