Technical analysis by Mr_Babz about Symbol PAXG: Sell recommendation (12/30/2024)

📊 Overview:Today's market shows a clear bearish structure with a Break of Structure (BOS) on the 1H timeframe, signaling potential downside momentum.🔑 Key Levels:Sell Zone: 1H Order Block around 2620-2625.Take Profit (TP): 15 Min Order Block at 2604.Stop Loss (SL): Above the 1H OB, ensuring a favorable risk-to-reward ratio.📈 Plan:I'm waiting for price to retrace back into the 1H Order Block (2620-2625), looking for bearish confirmation (e.g., rejection wicks, lower timeframe structure break). If confirmed, I’ll enter a short position targeting liquidity around 2604.🛡️ Risk Management:Minimum 1:2 Risk-to-Reward Ratio.Entry confirmation required before executing the trade.What are your thoughts on this setup? Are you seeing the same structure? 👇 Let me know!#Gold #XAUUSD #SmartMoneyConcepts #DayTrading #TechnicalAnalysisTrade now active and running + 100 PipsTP HIT :)