Technical analysis by Johnson67 about Symbol PAXG: Sell recommendation (5/27/2025)

1. Chart OverviewInstrument: XAU/USD (Gold vs USD)Timeframe: 1-hourBroker: OANDACurrent Price: Approximately $3,307.98 (Buy), $3,307.27 (Sell)---2. Key Zones & IndicatorsFVG (Fair Value Gap):Highlighted in green on the left side of the chart.Indicates a price inefficiency area where price may return to fill the gap.OB (Order Block):Marked in green at a higher price level.Suggests a potential supply zone or area where institutions may have entered sell positions.Support Zone:Highlighted in pink at the bottom.Indicates a potential area of strong buying interest if the price drops further.First Target / Final Target:First Target is around the 3,240 level (a support/resistance area).Final Target is near 3,191.000, close to another support zone.---3. Market StructureThe chart shows a recent upward move peaking near the OB, followed by a correction.The projected move (indicated by a downward arrow) suggests:Price may retest the OB zone or the current range,Then drop to the first target,And possibly reach the final target near the lower green support zone.---4. Analysis TypeThis is a Smart Money Concept (SMC) based analysis.It includes elements like Order Blocks, Fair Value Gaps, and liquidity zones, commonly used in institutional trading approaches.first target compelete 500 pips runing