Here's a detailed technical breakdown of the Gold Spot / USD (XAU/USD), 1H timeframe chart using Volume Profile, Cumulative Volume Delta (CVD), and ADX:
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3395.88
Value Area Low (VAL): 3311.18
Point of Control (POC): 3381.67 (recent) / 3311.18 (previous)
High-volume nodes: Concentrated around 3380–3390 and earlier at 3300–3320, suggesting strong buyer interest.
Low-volume gaps: Between 3350–3370, indicating weak resistance and potential for swift price movement.
b) Liquidity Zones:
Stop Clusters: Around 3400 (recent swing high), and 3310 (swing low/POC) — potential liquidity sweep zones.
Order Absorption: Strong delta buildup near 3380–3390 indicates heavy buying pressure and potential large-position accumulation.
c) Volume-Based Swing Highs/Lows:
Swing High (Volume Spike): 3395.88 – recent high with strong breakout volume.
Swing Low (Volume Spike): 3311.18 – confirmed reversal point with heavy absorption.
d) CVD + ADX Indicator Analysis:
Trend Direction: Uptrend (confirmed by multiple bullish CVD bars and higher highs).
ADX Strength: ADX > 20 with DI+ > DI- ⇒ Confirmed uptrend.
CVD Confirmation: Rising CVD with bullish price action = Strong demand confirmation. Market is led by aggressive buyers.
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
VAL: 3311.18
POC: 3381.67
Swing Low with Absorption: 3310
Resistance:
VAH: 3395.88
Swing High: 3400–3410 zone
b) Gann-Based Levels:
Gann Swing Low: 3311
Gann Swing High: 3395
Key Retracements (From 3311 to 3395):
1/2 level: 3353
1/3 level: 3339
2/3 level: 3367
3. Chart Patterns & Market Structure
a) Trend: Bullish
Supported by rising price structure, channel breakout, and rising CVD.
b) Notable Patterns:
Bullish channel forming (highlighted in purple).
Breakout above previous consolidation range (POC breakout).
Retest of POC at 3381.67 acting as support now.
4. Trade Setup & Risk Management
a) Bullish Entry (Confirmed by CVD + ADX):
Entry Zone: 3381–3385 (retest of POC/support).
Targets:
T1: 3410
T2: 3440
Stop-Loss (SL): Below swing low at 3350
RR: Minimum 1:2
b) Bearish Entry (Wait for breakdown of trend):
Entry Zone: 3310 (if price breaks below support).
Target:
T1: 3275
Stop-Loss (SL): Above 3350 (last high-volume rejection)
RR: Minimum 1:2
c) Position Sizing: Risk only 1–2% of capital per trade.
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3395.88
Value Area Low (VAL): 3311.18
Point of Control (POC): 3381.67 (recent) / 3311.18 (previous)
High-volume nodes: Concentrated around 3380–3390 and earlier at 3300–3320, suggesting strong buyer interest.
Low-volume gaps: Between 3350–3370, indicating weak resistance and potential for swift price movement.
b) Liquidity Zones:
Stop Clusters: Around 3400 (recent swing high), and 3310 (swing low/POC) — potential liquidity sweep zones.
Order Absorption: Strong delta buildup near 3380–3390 indicates heavy buying pressure and potential large-position accumulation.
c) Volume-Based Swing Highs/Lows:
Swing High (Volume Spike): 3395.88 – recent high with strong breakout volume.
Swing Low (Volume Spike): 3311.18 – confirmed reversal point with heavy absorption.
d) CVD + ADX Indicator Analysis:
Trend Direction: Uptrend (confirmed by multiple bullish CVD bars and higher highs).
ADX Strength: ADX > 20 with DI+ > DI- ⇒ Confirmed uptrend.
CVD Confirmation: Rising CVD with bullish price action = Strong demand confirmation. Market is led by aggressive buyers.
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
VAL: 3311.18
POC: 3381.67
Swing Low with Absorption: 3310
Resistance:
VAH: 3395.88
Swing High: 3400–3410 zone
b) Gann-Based Levels:
Gann Swing Low: 3311
Gann Swing High: 3395
Key Retracements (From 3311 to 3395):
1/2 level: 3353
1/3 level: 3339
2/3 level: 3367
3. Chart Patterns & Market Structure
a) Trend: Bullish
Supported by rising price structure, channel breakout, and rising CVD.
b) Notable Patterns:
Bullish channel forming (highlighted in purple).
Breakout above previous consolidation range (POC breakout).
Retest of POC at 3381.67 acting as support now.
4. Trade Setup & Risk Management
a) Bullish Entry (Confirmed by CVD + ADX):
Entry Zone: 3381–3385 (retest of POC/support).
Targets:
T1: 3410
T2: 3440
Stop-Loss (SL): Below swing low at 3350
RR: Minimum 1:2
b) Bearish Entry (Wait for breakdown of trend):
Entry Zone: 3310 (if price breaks below support).
Target:
T1: 3275
Stop-Loss (SL): Above 3350 (last high-volume rejection)
RR: Minimum 1:2
c) Position Sizing: Risk only 1–2% of capital per trade.
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.