Stand at the edge of the trapdoor and turn around so Lara's back is toward the opening. Then, when you hop back into the water, Lara will already be facing the direction she needs to go.
Swim down and forward, with the metal hull of the ship on Lara's right.
Where the sea floor slopes upward, instead of swimming around the corner to the right, as you did when you went after the key, continue straight on.
Enter the cave ahead.
Then look for a flat, angled block protruding from the ceiling. Swim behind it and upward.
This vertical shaft leads to a small air-filled cave.
Here you'll find SECRET #3, the Gold Dragon plus 2 pairs of grenades and the GRENADE LAUNCHER if you've found all the secrets.
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