Technical analysis by HoneySpotTrading about Symbol PAXG: Sell recommendation (11/12/2025)

XAUUSD – Potential Bearish Reversal from Supply Zone 📉 On the 30-minute Gold (XAUUSD) chart, price recently reacted from the upper order block near $4,148 – $4,140, showing a clear Change of Character (CHoCH) — an early sign of a potential bearish reversal. The current structure suggests that after a minor pullback or liquidity grab around the $4,140 zone, gold could continue to decline. The next key levels to watch are: Support 1: $4,070 — minor liquidity area where short-term buyers may appear. Support 2: $4,012 — significant structural support aligning with previous Break of Structure (BOS) zone. Support 3 / Final Target: $3,963 — a strong demand zone and possible final target for bearish movement. If price fails to reclaim and sustain above $4,148, bearish pressure is likely to persist, confirming a shift in market structure from bullish to bearish. 📊 Expectations: A potential short-term retracement toward $4,140, followed by continuation to the downside targeting $4,012 → $3,963.