Technical analysis by Hassan_fx about Symbol PAXG: Sell recommendation (5/2/2025)

This week, I’ll be monitoring potential long entries from the nearby 3H demand zone, but my primary focus will be on price retracing into the 4H supply zone around 3,300, where I’ll be watching for a sell opportunity. This zone aligns with the current bearish momentum we've seen recently, and I’ll wait for price to slow down and show signs of distribution once it reaches this area.Once we see that slowdown, I’ll aim to refine a clean order block for entry, ensuring a clear change of character and avoiding any potential smart money traps or false moves.Confluences for Gold Sells:- A clean 4H supply zone has formed, which caused a break of structure to the downside.- There's significant liquidity resting below, making further downside likely.- Gold has been heavily overbought and saturated, which supports this correctional bearish move.- The DXY recently reacted bullish from a strong 2-day demand zone, adding confluence for downside in gold.- After last week’s sharp decline, a retracement is expected before further downside continuation.P.S.: There’s also liquidity to the upside in the form of uncollected Asia highs, so don’t be surprised if price sweeps those first before tapping into our supply zone.Let’s stay patient and smart with entries — have a great weekend, everyone!