Technical Breakdown on Gold Spot (XAU/USD) – 1H Chart using Volume Profile, Gann, and CVD + ADX
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3,312
Value Area Low (VAL): 3,230
Point of Control (POC):
High-Volume Nodes: Dense cluster near 3,229–3,250 and again around 3,312
Low-Volume Gaps: Noticeable void between 3,260 – 3,290, suggesting possible fast movement zone
b) Liquidity Zones:
Liquidity Pools:
Order Absorption:
c) Volume-Based Swing Highs/Lows:
Swing High (Volume Spike): 3,312 – area of rejection with reduced follow-through
Swing Low (Reversal Support): 3,230 – heavy volume absorption followed by rally
d) CVD + ADX Indicator Analysis:
Trend Direction: Currently shifting bullish after a prolonged downtrend
ADX Strength: ADX > 20 with DI+ > DI- (early bullish momentum building)
CVD Confirmation:
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
Resistance:
b) Gann-Based Levels:
Swing Low: 3,230
Retracement Levels:
3. Chart Patterns & Market Structure
a) Trend: Turning bullish (CVD rising, ADX > 20, price forming HLs)
b) Notable Patterns:
Reversal Base formed near 3,230 with upward breakout
Forming ascending channel – prices respecting the lower boundary support
Retest of breakout zone (POC + lower trendline) acting as potential launchpad
4. Trade Setup & Risk Management
a) Bullish Entry (CVD + ADX confirm uptrend):
Entry Zone: 3,240–3,250 (near lower trendline + POC retest)
Targets:
Stop-Loss (SL): 3,225 (below POC + swing low)
RR: Approx. 1:2.5
b) Bearish Entry (Only if trend reversal confirmed):
Entry Zone: Below 3,225 (loss of POC/VAL with CVD breakdown)
Target: T1: 3,200 (psychological + historical support zone)
Stop-Loss (SL): 3,255 (back above POC)
RR: Approx. 1:2
c) Position Sizing:
Use 1–2% capital per trade to manage downside risk
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3,312
Value Area Low (VAL): 3,230
Point of Control (POC):
High-Volume Nodes: Dense cluster near 3,229–3,250 and again around 3,312
Low-Volume Gaps: Noticeable void between 3,260 – 3,290, suggesting possible fast movement zone
b) Liquidity Zones:
Liquidity Pools:
Order Absorption:
c) Volume-Based Swing Highs/Lows:
Swing High (Volume Spike): 3,312 – area of rejection with reduced follow-through
Swing Low (Reversal Support): 3,230 – heavy volume absorption followed by rally
d) CVD + ADX Indicator Analysis:
Trend Direction: Currently shifting bullish after a prolonged downtrend
ADX Strength: ADX > 20 with DI+ > DI- (early bullish momentum building)
CVD Confirmation:
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
Resistance:
b) Gann-Based Levels:
Swing Low: 3,230
Retracement Levels:
3. Chart Patterns & Market Structure
a) Trend: Turning bullish (CVD rising, ADX > 20, price forming HLs)
b) Notable Patterns:
Reversal Base formed near 3,230 with upward breakout
Forming ascending channel – prices respecting the lower boundary support
Retest of breakout zone (POC + lower trendline) acting as potential launchpad
4. Trade Setup & Risk Management
a) Bullish Entry (CVD + ADX confirm uptrend):
Entry Zone: 3,240–3,250 (near lower trendline + POC retest)
Targets:
Stop-Loss (SL): 3,225 (below POC + swing low)
RR: Approx. 1:2.5
b) Bearish Entry (Only if trend reversal confirmed):
Entry Zone: Below 3,225 (loss of POC/VAL with CVD breakdown)
Target: T1: 3,200 (psychological + historical support zone)
Stop-Loss (SL): 3,255 (back above POC)
RR: Approx. 1:2
c) Position Sizing:
Use 1–2% capital per trade to manage downside risk
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.