Technical analysis by ChartNinjas88 about Symbol PAXG: Sell recommendation (5/29/2025)

XAUUSD | Premium Smart Money Short Setup 🎯This GOLD setup is a straight-up institutional-grade bearish continuation. Let’s break down why this is a high-probability short for Smart Money Traders.🔍 1. Market ContextPrice is trending inside a clear descending channel, tapping into the lower boundary and now pulling back.We just had a reaction from the mid-supply zone, and price is now rebalancing into the Order Block (OB) aligned with:🔻 79% Fibonacci Retracement🔻 Previous Structure Break🔻 OB + imbalance fill zone🧱 2. Bearish Confluences📉 Descending Channel = bearish structure🟣 Order Block Zone = high-value area for institutional entries📐 Fibonacci Levels = 61.8%, 70.5%, and 79% all stacked💥 OB + 79% = high-prob sniper short🕳 Imbalance + Liquidity Sweep = likely short continuation🎯 3. Trade IdeaEntry: 3282.00–3290.00 (OB + 79% Fib)Stop Loss: 3294.00 (above OB wick)Take Profit: 3245.00 zone (channel bottom)Perfect RR setup 👇⚖️ 4. RRR (Risk-Reward Ratio)💰 Entry: ~3285🔒 SL: ~3294📍 TP: ~3245✅ RRR ≈ 1:4.3 = sniper level swing short 🎯🧠 5. Smart Money LogicLiquidity Sweep above minor high before short = engineered trapOB reaction at fib premium zone = smart entryContinuation expected unless price closes above 3295📌 Save this chart — this is Smart Money flow in action💬 Drop “Gold OB SMC 🔥” in comments if you saw this coming🔁 Repost to help fellow traders master fib+OB sniper entries