Technical analysis by SMC-Trading-Point about Symbol PAXG: Sell recommendation (8/5/2025)

SMC Trading point update Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, suggesting a potential short-term sell setup targeting a key support zone. --- Analysis Summary Asset: XAU/USD (Gold Spot) Timeframe: 1H Current Price: 3,371.56 Bias: Bearish pullback toward lower support --- Key Technical Insights 1. FVG (Fair Value Gap): Price tapped into a premium supply zone / FVG (highlighted in yellow at the top), showing rejection. This zone likely acted as a liquidity grab, triggering potential reversal. 2. Structure Shift (SS): Minor bullish market structure appears to be breaking down, signaling a shift in momentum. 3. Target Point: Price is expected to revisit the support zone at 3,330.77, where prior accumulation and a bullish order block exist. This also aligns with the 200 EMA around 3,340.48, adding confluence. 4. RSI (14): RSI is currently at 54.86, indicating neutral momentum with room for downside. --- Target Point Target Zone: 3,330.77 (Key support and potential long re-entry area) --- Trade Idea Direction Entry Zone Stop-Loss Target Sell 3,370–3,375 Above 3,390 3,330 Mr SMC Trading point --- Summary Gold is showing signs of short-term exhaustion after filling the FVG zone and is likely to pull back toward the 3,330 support area, making it a potential intraday short opportunity. The structure break, EMA, and RSI support this retracement. Please support boost 🚀 this analysis)