English:

The gold bleed continues without looking back! After sweeping the liquidity at $4,316, the price plunged heavily to trade currently around $4,284.76.

🚨 Technical Breakdown (SMC/Price Action):

• Price is now directly testing the Daily Pivot point (P) at $4,284.95, searching for a temporary bottom.

• We are closely watching the price action here; failing to hold this level will likely open the doors for a direct drop toward the next major support S1 at $4,254.21 to sweep the major sell-side liquidity.

• Supply Zones: Any corrective upside bounce remains a sell-on-rally opportunity unless we break above the R1 resistance at $4,315.49.

What’s your plan? Are you looking for a quick scalping bounce or riding the bearish momentum? Let me know below! 👇

$PAXG #XAUUSD #SMC #Trading #Gold