Technical analysis by Mentor_Michael03 about Symbol PAXG: Sell recommendation (7/21/2025)

XAUUSD Analysis – Smart Money Perspective 🧠 Market Structure & BOS (Break of Structure): The chart clearly shows multiple Break of Structure (BOS), confirming bullish intent. After the final BOS around 3,370, price aggressively broke above resistance, forming a new high at 3,397. This indicates bullish market momentum backed by strong demand. 🔎 Key Zones Identified: 🔼 Strong Resistance (3,390 – 3,400 Zone) This level has been tested and now shows potential exhaustion, possibly trapping late buyers. Price currently rejecting this zone with a bearish reaction. 🔽 Support Zone (3,300 – 3,320) Prior consolidation and BOS originate from here. Strong bullish OB and demand lie here—key area for future long setups. 📉 Expected Short-Term Move: The projection arrow indicates a potential retracement toward 3,360, a previous BOS + potential FVG area. This aligns with Smart Money's tendency to rebalance inefficiencies before continuation. 🔺 Volume Analysis (VRVP - Volume Profile): Notice how high volume nodes align with the support and resistance zones. Price is currently sitting in a low-volume gap, supporting the idea of a retracement to a more balanced area. ⚡ Momentum Shift Signal: The steep angle of the last move up suggests possible liquidity grab above resistance. Expectation: Price may dip to mitigate demand or OB before resuming the uptrend. ✅ Conclusion: This chart illustrates a textbook SMC scenario: Bullish BOS confirms structure shift. Liquidity sweep above resistance may lead to a retracement. 3,360 is a key price point to watch for FVG fills or bullish continuation.