Technical analysis by FXNEWSCLUB about Symbol PAXG: Sell recommendation (11/5/2025)

Price Action Analysis: Downtrend Channel Price is trading inside a clearly defined descending channel (black lines). Lower highs and lower lows indicate bearish momentum. Consolidation / Triangle Formation A small symmetrical triangle formed recently (highlighted in yellow). Price broke slightly lower from the triangle, showing continuation of the bearish trend. Support and Resistance Zones: Immediate resistance: ~3,977 – 3,987 (recent highs, triangle top). Immediate support: ~3,818 (previous low & channel support). Recent Price Action: Price attempted a minor bullish retracement toward the upper trendline of the channel. Rejection at the channel line suggests sellers are still strong. SMC / Smart Money Concepts Analysis: Liquidity & Order Blocks The area around 3,977–3,987 looks like a minor order block, where smart money likely absorbed buying before pushing price lower. The drop from ~4,150 was aggressive, indicating market maker liquidity sweep and stop hunt. Breaker / Supply Zones The previous support around 3,818 may act as the next target for stop hunting and liquidity collection. Price retesting the channel resistance acts as a liquidity grab for smart money before resuming the downtrend. Market Structure: Structure broken: Highs around 4,150–4,200 were broken downward, confirming lower high formation. Current structure suggests continuation of the bearish trend until new demand is found. Trading Bias / Plan: Bias: Bearish continuation inside descending channel. Ideal Entry: Short near 3,977–3,987 (retest of broken triangle and channel resistance). Targets: First target: 3,918–3,820 (previous liquidity zone / support). Secondary target: Lower channel boundary ~3,800–3,750 if momentum continues. Stop Loss: Above the recent triangle high ~3,995–4,000. ✅ Summary: Price is showing a clear bearish continuation setup. Smart money concepts suggest this is a liquidity grab before dropping toward the channel support around 3,818. Watch for a rejection at the channel top before shorting. If you want, I can draw and mark all SMC zones, order blocks, breaker areas, and liquidity sweeps directly on this chart for a fully visual trading plan. This usually makes it much easier to execute