Technical Breakdown on Gold Spot / USD (XAU/USD) – 1H Timeframe Using Volume Profile, Gann, and CVD + ADX
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3,360.00
Value Area Low (VAL): 3,220.00
Point of Control (POC): 3,234.30 (current session), 3,382.79 (previous session)
High-volume nodes: 3,255 – 3,275 range shows emerging absorption
Low-volume gaps: 3,280 – 3,300 and 3,340 – 3,360 indicate potential resistance zones
b) Liquidity Zones:
Clustered Stops: Around 3,300 (swing high), 3,220 (recent swing low)
Absorption Zones: POC zone at 3,234.3 with heavy CVD divergence and bounce
c) Volume-Based Swing Highs/Lows:
Swing High: 3,382.79 – confirmed rejection with strong volume and price reversal
Swing Low: 3,234.30 – high-volume absorption, currently acting as support
d) CVD + ADX Indicator Analysis:
Trend Direction: Currently range-bound with minor bullish divergence forming
ADX Strength:
ADX ≈ 18 – weak trend, choppy conditions
CVD Confirmation:
Recent rising CVD despite flat price = hidden demand
Past falling CVD + bearish move to 3,234.3 = strong supply area confirmed
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
3,234.30 (POC)
3,220.00 (VAL and swing low)
Resistance:
3,275.00 (minor rejection zone)
3,300.00 (psychological + structure)
3,360.00 (VAH)
b) Gann-Based Levels:
Confirmed Gann Swing Low: 3,234.30
Retracement Levels from 3,382.79 High:
1/2: 3,308.55
2/3: 3,316.86
3. Chart Patterns & Market Structure
a) Trend: Currently range-bound, transitioning with a potential bullish breakout bias
b) Notable Patterns:
Emerging ascending wedge/channel forming in recent candles
Prior double-bottom near 3,234 with bullish CVD divergence
Testing lower trendline (accumulation possibility)
4. Trade Setup & Risk Management
a) Bullish Entry (If CVD + ADX confirm uptrend):
Entry Zone: 3,240 – 3,250
Targets:
T1: 3,275
T2: 3,308
Stop-Loss (SL): 3,220
RR: Minimum 1:2
b) Bearish Entry (If CVD + ADX confirm downtrend):
Entry Zone: 3,300 – 3,308 (near wedge resistance)
Target:
T1: 3,234
Stop-Loss (SL): 3,360
RR: Minimum 1:2
c) Position Sizing:
Risk only 1-2% of capital per trade. Calculate position size based on SL distance and capital base.
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3,360.00
Value Area Low (VAL): 3,220.00
Point of Control (POC): 3,234.30 (current session), 3,382.79 (previous session)
High-volume nodes: 3,255 – 3,275 range shows emerging absorption
Low-volume gaps: 3,280 – 3,300 and 3,340 – 3,360 indicate potential resistance zones
b) Liquidity Zones:
Clustered Stops: Around 3,300 (swing high), 3,220 (recent swing low)
Absorption Zones: POC zone at 3,234.3 with heavy CVD divergence and bounce
c) Volume-Based Swing Highs/Lows:
Swing High: 3,382.79 – confirmed rejection with strong volume and price reversal
Swing Low: 3,234.30 – high-volume absorption, currently acting as support
d) CVD + ADX Indicator Analysis:
Trend Direction: Currently range-bound with minor bullish divergence forming
ADX Strength:
ADX ≈ 18 – weak trend, choppy conditions
CVD Confirmation:
Recent rising CVD despite flat price = hidden demand
Past falling CVD + bearish move to 3,234.3 = strong supply area confirmed
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
3,234.30 (POC)
3,220.00 (VAL and swing low)
Resistance:
3,275.00 (minor rejection zone)
3,300.00 (psychological + structure)
3,360.00 (VAH)
b) Gann-Based Levels:
Confirmed Gann Swing Low: 3,234.30
Retracement Levels from 3,382.79 High:
1/2: 3,308.55
2/3: 3,316.86
3. Chart Patterns & Market Structure
a) Trend: Currently range-bound, transitioning with a potential bullish breakout bias
b) Notable Patterns:
Emerging ascending wedge/channel forming in recent candles
Prior double-bottom near 3,234 with bullish CVD divergence
Testing lower trendline (accumulation possibility)
4. Trade Setup & Risk Management
a) Bullish Entry (If CVD + ADX confirm uptrend):
Entry Zone: 3,240 – 3,250
Targets:
T1: 3,275
T2: 3,308
Stop-Loss (SL): 3,220
RR: Minimum 1:2
b) Bearish Entry (If CVD + ADX confirm downtrend):
Entry Zone: 3,300 – 3,308 (near wedge resistance)
Target:
T1: 3,234
Stop-Loss (SL): 3,360
RR: Minimum 1:2
c) Position Sizing:
Risk only 1-2% of capital per trade. Calculate position size based on SL distance and capital base.
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.