Technical analysis by ansarionline about Symbol PAXG: Sell recommendation (4/17/2025)

Gold shows a strong intraday rejection from a clearly defined supply zone (marked in green) between 3351.80 and 3354.89. Price is currently reacting and showing signs of exhaustion near resistance.🧠 Smart Money Concept in Play:A liquidity sweep already occurred at the top.Aggressive wicks into the supply zone, followed by immediate rejection, signal potential institutional sell interest.Price is currently consolidating below minor resistance (blue line ~3348).📌 Trade Setup:🔻 Bias: Short/Sell💼 Entry: Below 3348 (confirmed rejection)🛑 Stop Loss: Above 3355🎯 Target Zone: 3320 and lower📉 RR: Strong potential for 1:3+⚠️ Note:This setup favors scalpers and intraday traders. Watch for confirmation (e.g., M5/M15 candle close below 3346). Avoid entering blindly — let the structure break and retest.💬 What's your take?Will Gold drop toward the 3320s or break through the resistance? Let's see how price reacts in the next 15 minutes!#Gold #XAUUSD #PriceAction #Scalping #IntradayTrading #SupplyAndDemand #LiquidityGrab #SmartMoney #ForexAnalysis #LiveChart #TradingSetup #BearishBias