Technical analysis by Bolems about Symbol PAXG: Sell recommendation (9/10/2025)

Gold (XAUUSD) has shown signs of exhaustion after its recent bullish run, with price reacting strongly to multiple fair value gaps (FVG) and resistance zones. The 15-minute chart highlights unmitigated bearish FVGs aligning with higher timeframe supply areas, signaling a potential shift in order flow. My bearish expectation is that gold will likely respect these supply zones and continue to trade lower toward key support around 3616 – 3580, where liquidity rests. The sell entry is based on the rejection from the 15m FVG, confirming bearish order flow and favoring downside continuation. Risk management is essential here: stop-loss above the recent supply/FVG zone, while targeting the liquidity pools and imbalance fills below.