According to Trader Tardigrade, the gold market ($XAU) is displaying a bearish setup as prices break the ascending trendline and form lower lows. The trader notes a reversal from an uptrend to a downtrend, with a retest of the last resistance anticipated before a new lower low. The target is approximately at the Fibonacci 0.382 retracement of the latest run, with a recommended sell position at $3030. This analysis is critical for traders considering short positions.