Gold Short Trade Setup – Targeting 3350 with Tiered Take Profit

This chart shows a short setup for gold (XAUUSD) on the 30-minute timeframe. Price is currently trading below a descending trendline and has formed a lower high near a marked resistance level. There was a clear change of character and a break of structure to the downside, indicating a bearish shift in market sentiment. Volume also appears to increase on bearish candles, adding strength to the downside move. The target is marked near the previous low around 3350, suggesting a short opportunity with a clear resistance and descending trendline acting as confluence.


TP1 – 3370

Just above the immediate support level, offering a conservative exit before the price potentially bounces.

TP2 – 3350

The main target on the chart, near the previous low. Strong support zone; ideal for full or partial profit.

TP3 – 3325

Extension target if bearish momentum accelerates. Use only if volume and price action support further downside.