Gold (XAUUSD) Short Setup: Bearish Confirmation & Key TP Levels

The chart suggests that gold (XAUUSD) is approaching a key resistance level near 3,102, aligning with a trendline. The price has formed a weak high, indicating potential exhaustion. A bearish confirmation at this level could lead to a decline toward the target zone around 3,037. If the price fails to break lower, further bullish momentum may push it beyond resistance. Watch for a break of structure (BOS) and bearish signals before confirming a short position.

1. First TP: 3,060 – A minor support level before the main target.
2. Second TP: 3,037 – A stronger support zone and key target.

These levels provide a safe exit strategy for a short trade while minimizing risk. Watch for price action confirmation before executing.