Here is a full professional breakdown of the attached XAU/USD 1H chart (Gold Spot) using Volume Profile, Gann levels, CVD + ADX structure.
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights
Value Area High (VAH): $3,364.00
Value Area Low (VAL): $3,314.00
Point of Control (POC):
Current session: $3,314.78
Previous key zone: $3,257.03
Volume Node Analysis:
High-Volume Nodes: Around $3,314 and $3,257 – shows strong institutional interest and base-building.
Low-Volume Gaps: Between $3,285–$3,305 – fast move zones, expect volatility on re-entry.
b) Liquidity Zones
Buy-side Liquidity (stops above): Near $3,364 and projected $3,400+
Sell-side Liquidity (stops below): $3,314 (POC), $3,257 (previous POC), $3,245
Absorption Zones: Heavy volume observed near $3,314 and $3,257
c) Volume-Based Swing Highs/Lows
Swing Low Support: $3,257 (confirmed with POC and structure)
Swing High Resistance: $3,364 (local high tested)
d) CVD + ADX Indicator Analysis
Trend Direction: Uptrend – confirmed by rising price action + volume support
ADX Strength: > 20 and DI+ > DI- → Confirmed Uptrend
CVD Confirmation: Strong uptrend alignment – CVD is rising with price → indicates strong demand
2. Support & Resistance Levels
a) Volume-Based Levels
Support:
$3,314 (POC – session)
$3,257 (Major POC)
$3,245 (historical volume cluster)
Resistance:
$3,364 (recent high / VAH)
$3,400 (psychological round number + potential stop cluster)
b) Gann-Based Levels
Recent Swing Low (Gann): $3,257
Recent Swing High (Gann): $3,364
Retracements from $3,364 High:
1/3: $3,328
1/2: $3,310
2/3: $3,292
3. Chart Patterns & Market Structure
a) Trend:
Bullish Trend – Higher highs and higher lows with volume confirmation
b) Notable Patterns:
Breakout from consolidation at $3,314
Potential Bullish Flag/Wedge forming inside the channel
Retest possible near $3,314–$3,292 for continuation
4. Trade Setup & Risk Management
a) Bullish Entry
Entry Zone: $3,314–$3,292 (retest of breakout and channel base)
Targets:
T1: $3,400
T2: $3,440–$3,480 (upper channel bound)
Stop-Loss (SL): Below $3,257
Risk-Reward: Minimum 1:2
b) Bearish Entry
Only valid on break and close below $3,257
Entry Zone: $3,257
Target: $3,220
Stop-Loss (SL): Above $3,292
Risk-Reward: 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): $3,364.00
Value Area Low (VAL): $3,314.00
Point of Control (POC):
Current session: $3,314.78
Previous key zone: $3,257.03
Volume Node Analysis:
High-Volume Nodes: Around $3,314 and $3,257 – shows strong institutional interest and base-building.
Low-Volume Gaps: Between $3,285–$3,305 – fast move zones, expect volatility on re-entry.
b) Liquidity Zones
Buy-side Liquidity (stops above): Near $3,364 and projected $3,400+
Sell-side Liquidity (stops below): $3,314 (POC), $3,257 (previous POC), $3,245
Absorption Zones: Heavy volume observed near $3,314 and $3,257
c) Volume-Based Swing Highs/Lows
Swing Low Support: $3,257 (confirmed with POC and structure)
Swing High Resistance: $3,364 (local high tested)
d) CVD + ADX Indicator Analysis
Trend Direction: Uptrend – confirmed by rising price action + volume support
ADX Strength: > 20 and DI+ > DI- → Confirmed Uptrend
CVD Confirmation: Strong uptrend alignment – CVD is rising with price → indicates strong demand
2. Support & Resistance Levels
a) Volume-Based Levels
Support:
$3,314 (POC – session)
$3,257 (Major POC)
$3,245 (historical volume cluster)
Resistance:
$3,364 (recent high / VAH)
$3,400 (psychological round number + potential stop cluster)
b) Gann-Based Levels
Recent Swing Low (Gann): $3,257
Recent Swing High (Gann): $3,364
Retracements from $3,364 High:
1/3: $3,328
1/2: $3,310
2/3: $3,292
3. Chart Patterns & Market Structure
a) Trend:
Bullish Trend – Higher highs and higher lows with volume confirmation
b) Notable Patterns:
Breakout from consolidation at $3,314
Potential Bullish Flag/Wedge forming inside the channel
Retest possible near $3,314–$3,292 for continuation
4. Trade Setup & Risk Management
a) Bullish Entry
Entry Zone: $3,314–$3,292 (retest of breakout and channel base)
Targets:
T1: $3,400
T2: $3,440–$3,480 (upper channel bound)
Stop-Loss (SL): Below $3,257
Risk-Reward: Minimum 1:2
b) Bearish Entry
Only valid on break and close below $3,257
Entry Zone: $3,257
Target: $3,220
Stop-Loss (SL): Above $3,292
Risk-Reward: 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.