Technical analysis by melikatrader94 about Symbol PAXG: Sell recommendation (7/8/2025)

Hello guys!We’ve seen a textbook QML (Quasimodo Level) setup play out beautifully on gold. Price pushed into a key supply zone and formed a QML structure, followed by a clean engulfing of the previous demand. confirming smart money involvement. As expected, the target of that QML has now been hit, tapping into the major demand zone below.After the deep sweep and reaction from demand, price retraced upward into a potential lower high area. Based on structure and liquidity dynamics, two potential scenarios are in play:We’re executing a two-step plan here: Step 1: Short position from the QML + supply area, aiming for the next blue demand zone. Liquidity has been taken above the high, confirming the setup.If we get a clean reaction near the blue area, that’s our signal to flip long. We expect a pullback toward $3310 area.the short position hit the target