Technical analysis by Natasha512 about Symbol PAXG: Sell recommendation (7/31/2025)

Gold has shown significant rejection from the resistance area (3435-3450) on the 1D timeframe, with approximately 3 rejections in the past. Currently, gold is respecting the support area (3242-3247) on the 1D timeframe, having been rejected twice previously. According to Smart Money concepts, gold is likely to sweep the liquidity at the support area (3242-3247). 4H Timeframe Analysis On the 4H timeframe, gold has respected the bearish Fair Value Gap (FVG) zone, indicating potential downward momentum. Trade Idea Given the analysis, a bearish outlook is anticipated, with potential strong support area (3242-3247). - Bearish Bias: Rejection at support area (3242-3247) expected - Target: Below current prices, with potential sweep of liquidity at support area Rationale The repeated rejections from the resistance area and respect for the support area, combined with the bearish FVG on the 4H timeframe, suggest a potential bearish move. Smart Money concepts indicate a likelihood of liquidity sweep at the support area. Disclaimer This analysis is for educational purposes and should not be considered as investment advice. Always conduct your own research and consider multiple perspectives before making trading decisions.