It is Nicky Hunt's first gold of this year's World Cup tournament, and adds to the silver medals she won in Porec and Antalya. It means she qualifies in top place for the World Cup Grand Final, which takes place in Edinburgh later this month. And by qualifying automatically, she also hands a Grand Final place to fellow Briton Andrea Gales, as GB's highest placed second archer in the overall standings - Andrea scored points at both Porec and Antalya.
"I'm absolutely thrilled to win the gold," said Nicky, who defeated Mexico's Linda Ochoa in the final, but needed a one arrow shoot-off, after their match finished tied at 5-all.
In a tense final, Nicky started well, winning the first two sets and going 4-luv up. But she allowed Ochoa back into it, and after five sets they were tied at 5-5, meaning a one arrow shoot-off. Both archers scored a 9, but Nicky took the title by virtue of a stronger shot.
It will be Nicky's second successive appearance in the World Cup Grand Final. Last year in Copenhagen, she finished fourth, after losing both her semi final, and her third/fourth shoot-off. She and Andrea will line up with six other women's compounders in Edinburgh, with Ochoa, and the 2008 Grand Final gold medalist Jamie Van Natta (USA), also in the line-up.
In the team tournament, Nicky, Nichola Simpson and Dani Brown beat Iran to take the bronze medal. Trailling by a point at the halfway stage, the GB trio hit nine 10s with their last 12 arrows, while Nichola dropped just two points throughout the match.
Chris White, Liam Grimwood and Duncan Busby took the silver medal after losing out to Australia in the final of the men's compound title. In a close match throughout, the Australians clinched victory with a perfect 60 points in the fourth end, to win the gold medal by 233-231.
Simon Terry, a silver medalist at last year's Grand Final, has also qualified for Edinburgh automatically. Though he didn't feature in the medals in Shanghai, performances at other World Cup events this year meant he finished fourth in the overall standings.
Thirty two of the World's top archers will compete at the FITA World Cup in Edinburgh on September 18/19.