Gold Short Setup: Double Top Rejection and Key Sell Targets

The chart indicates a potential double-top formation near the 3005 level, suggesting a possible reversal if bearish confirmation appears. The price is testing a key resistance zone, and a rejection could lead to a decline toward the rising trendline for support. A confirmed break below this trendline might trigger further downside movement. However, a breakout above resistance could invalidate the bearish setup and signal continuation of the uptrend. Waiting for a clear confirmation is crucial before making any trading decisions.

For a short-term sell setup, potential targets:

- First target: 2,979 (initial support)
- Second target: 2,960 (if momentum increases)

If price breaks below these levels with strong bearish confirmation, then 2,940 could be the next short-term target.