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

Gold just tapped into a major H1 supply zone (highlighted in red), a level that previously caused a sharp sell-off. Price is showing early signs of exhaustion and rejection again from this same area. 📌 Key Observations: 🔴 Supply Zone (Strong Resistance) Price has returned to the same rejection block where sellers aggressively pushed the market down last time. This area remains unbroken, showing that smart money is defending this level. ⚠️ Weakening Bullish Momentum Even though Gold climbed up with a clean structure, the candles entering the zone are slowing down — showing smaller bodies and more wicks. This often signals absorption by sellers. 🟥 Liquidity Taken Above Previous Highs Gold swept the minor highs above the zone, grabbed liquidity, and immediately rejected. This is a classic SMC setup. 🟢 Demand Target Below If sellers take control, the next major liquidity zone is the 3,850–3,780 support area (green zone). This is where the previous strong rally began — meaning there is unmitigated demand waiting there. 📍 My Projection: If price continues rejecting the current supply zone, I expect a clean drop into the demand zone below. This gives a potential 200–250 pip sell setup. --- Bias: Bearish Reversal from Supply Zone Sell Range: Inside the red zone Targets: • TP1: 3,950 • TP2: 3,880 • TP3: 3,800 (full mitigation area) Invalidation: A strong H1 candle closing above the red supply zone. --- Summary Gold is respecting the supply zone with clear rejection. If momentum shifts bearish, we could see a corrective leg down into the demand area. Watching for confirmation before entering