Technical analysis by SMC-Trading-Point about Symbol PAXG: Sell recommendation (11/4/2025)

SMC Trading point update Technical analysis of XAU/USD (Gold Spot) – Bearish Continuation Setup Timeframe: 1H (Capital.com) Concepts: Smart Money Concepts (SMC), Trendline Break, FVG & EMA Confluence --- Market Structure Overview The uptrend structure was recently broken, confirming a shift to bearish order flow. Price has broken the ascending trendline, retested near the FVG / premium retracement zone, and is rejecting from the supply area. The structure and EMAs both support further downside continuation. --- Key Technical Elements Retracement Zone (Short Entry Area): 0.5 – 0.79 Fibonacci levels align with the Fair Value Gap (FVG), showing potential for bearish mitigation. Price currently trading near 0.62–0.705 level (premium zone). EMA Confluence: EMA-50 ≈ 3,992 EMA-200 ≈ 4,024 Both EMAs are above price, acting as dynamic resistance. Trendline Break: The ascending trendline has been decisively broken and retested, indicating trend reversal confirmation. --- Targets Immediate Target (0-level structure): 3,940 zone Extended Bearish Target: 3,796 — marked as the final target point on the chart --- Scenario Plan 1. Expect minor retracement to the FVG zone (3,990–4,010). 2. Watch for bearish confirmation (rejection or lower-timeframe BOS). 3. Target downside continuation to 3,796, completing the swing projection. Mr SMC Trading point --- Bias: > Bearish – Market showing structure shift, EMA confluence, and FVG rejection setup aligning toward deeper downside movement. --- please support boost 🚀 this analysis