Technical analysis by AutoMarkets about Symbol PAXG: Sell recommendation (8/20/2025)

This is a textbook liquidity grab + rejection setup. Price executed a liquidity grab above structure, shooting into previous highs to build momentum for the drop — classic bow and arrow effect. After sweeping stops and pulling back, price retested the nearest resistance (around 3,324–3,325), but hasn’t broken the body high — this confirms sellers are still active. The push down was strong enough to reach the 4H support zone, and although price bounced, it looks like a temporary pullback rather than a reversal. As long as price stays below 3,347, this short bias holds. The structure still supports downside continuation unless a clear breakout occurs. Bias: Bearish — expecting continuation down toward 3,312 and possibly back to test 3,307.