Technical analysis by hassanshahjehan about Symbol PAXG: Sell recommendation (6/29/2025)

📉 Gold Price Analysis: Bearish Outlook Deepens as Key Demand Zone Faces Pressure (June 29, 2025)Gold (XAU/USD) has shown significant bearish momentum in recent days, with clear signals of institutional distribution and strong supply zones keeping the bulls under pressure. Let's break down the price action using a combination of Smart Money Concepts (SMC), supply and demand zones, and classic market structure.---📊 Current Price SnapshotInstrument: Gold (XAU/USDCurrent Price: $3,273.40Timeframe: 30 mins (intraday swing structure)Bias: Bearish until structure shifts---🔍 Market Structure BreakdownGold has maintained a bearish market structure over the past several sessions. This trend is supported by:A series of Lower Highs (LH) and Lower Lows (LL)Multiple Breaks of Structure (BOS) confirming bearish continuationFailed Change of Character (CHoCH) attempts that could not sustain bullish momentumNotably, the most recent LH occurred around $3,356, followed by a steep drop to form a new LL near $3,273, right at a major demand zone.---🟥 Key Supply Zones (Resistance)🔺 Zone 1: $3,355 – $3,365Labeled as a Strong Supply ZonePrevious liquidity grab occurred here, followed by aggressive sellingClear rejection and BOS to the downside confirm institutional presence🔺 Zone 2: $3,321 – $3,335A minor but significant supply zone acting as intraday resistanceMultiple rejections from this area during pullbacksAligns with a descending trendline drawn from the recent highs---🟦 Key Demand Zone (Support)🟦 Zone: $3,245 – $3,273Labeled as a Key Demand ZonePrice is currently consolidating at the top of this zoneReaction here will determine whether bulls can gain ground or if further downside is imminent---🧠 Smart Money Concepts In ActionBOS (Break of Structure) has repeatedly occurred to the downside — these are institutional footprints of bearish intent.CHoCH (Change of Character) attempts have failed to hold, reinforcing bearish pressure.Liquidity has been swept above the $3,355 level, suggesting that the smart money is now aiming for liquidity below the demand zone.---🔮 Forecast Scenarios📉 Primary Bearish ScenarioIf price breaks below the $3,245 level, expect a strong continuation downward.Potential downside targets: $3,220, and ultimately $3,200Traders may look for short entries on retests of the $3,321–$3,335 supply zone📈 Alternate Bullish Reversal ScenarioA valid CHoCH and bullish BOS above $3,321 could signal a reversalIf that happens, watch for a rally toward $3,345 and possibly another test of the $3,355–$3,365 supply zoneThis would require strong bullish volume and confirmation candles at the demand zone---📌 Key Technical LevelsLevel TypePrice RangeNotesSupply$3,355–$3,365Strong institutional resistanceSupply$3,321–$3,335Mid-level supply / pullback zoneDemand$3,245–$3,273Key support; current price areaSupport~$3,270Consolidation zone equilibriumTarget~$3,200Bearish continuation target---✅ Trading Strategy SuggestionsShort Bias: Sell from $3,321–$3,335 zone if price rejects with bearish candles or imbalanceLong Bias (Cautious): Only consider longs if BOS + CHoCH are confirmed above $3,321, with high-volume candles---📘 Final ThoughtsGold remains in a bearish environment, with institutional footprints signaling a potential continuation toward lower levels. The price action around the $3,245–$3,273 demand zone will be crucial in determining the next directional move.Until a confirmed structural reversal occurs, the path of least resistance remains downward. Traders should watch for liquidity grabs, rejection candles, and structural confirmations to frame their entries and exits.---Stay tuned for further updates and real-time price action breakdowns. Risk management is key — trade safe and smart! 💼📉