Technical analysis by Jos-ProTrader about Symbol PAXG: Sell recommendation (11/12/2025)

XAUUSD has completed a textbook double top pattern on the 15-minute chart, with the neckline zone at 4,080–4,085 giving way to a strong bearish displacement candle that swept liquidity and confirmed the reversal. The prior uptrend from the 4,000 equilibrium has now shifted, as sellers dominate with multiple breaks of structure to the downside. The breakdown was preceded by a weak high at 4,140, followed by a failed retest of the neckline where the zone flipped to supply. Price has since accelerated lower, forming lower highs and absorbing buy-side stops below the pattern base. Volume spiked on the bearish candle, while upside wicks remain shallow, reinforcing distribution and the transition from accumulation to markdown. Current consolidation is occurring directly beneath the broken neckline, now acting as overhead resistance. As long as price fails to reclaim 4,085 on a closing basis, the path of least resistance remains downward toward the measured move objective. The bearish bias holds firm with the neckline breach intact. A clean close above 4,085 would invalidate the pattern and target a retest of the double top highs. Technical Target Levels First Target: 4,078 Second Target: 4,049 Third Target: 4,008 Traders should monitor retests of the 4,080–4,085 supply zone for short continuations, using 5-minute confirmation via fair value gaps or engulfing patterns. Risk above the neckline ensures tight control, with partial scaling at each target to capture the full extension. This analysis is based purely on price action and structural behavior. It demonstrates the reliability of double top breakdowns when confirmed by volume and candle displacement at key levels. This is not financial advice. Always use proper risk management and follow your trading plan. Like, comment and follow for more Smart Money and Price Action-based trade ideas.trade is not activeted cancelled