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Technical analysis by Mr_Babz about Symbol PAXG: Sell recommendation (1/7/2025)

https://sahmeto.com/message/3141616
Mr_Babz
Mr_Babz
Rank: 26097
1.4

Gold (XAUUSD) Analysis: Short Position from 15-Minute Order Bloc

Sell
Price at Publish Time:
$2,650.92
Sell،Technical،Mr_Babz

In this analysis, a potential short opportunity is identified at the 15-minute order block (OB) around 2643. Price has shown a reaction from this zone, suggesting a possible rejection and continuation to the downside. This OB acts as a key supply area where sellers might regain control.The bearish structure indicates that the price could aim for the previous low as a target, aligning with the broader downtrend and liquidity resting below those levels.Key Levels:Entry: 2643 (15-Min OB)Target: Previous swing low/liquidity zones belowStop Loss: Above the OBThis setup aligns with a trend-following strategy, targeting the continuation of bearish momentum while managing risk effectively.

Source Message: TradingView
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