Technical Breakdown on Gold Spot (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): 3,240.00
Value Area Low (VAL): 3,180.00
Point of Control (POC): 3,235.17
High-Volume Nodes: Around 3,220–3,240, suggesting heavy trading and possible resistance.
Low-Volume Gaps: Near 3,100–3,120, hinting at inefficient price action and potential magnet zones.
b) Liquidity Zones:
Potential Stop Clusters:
Above 3,240 (recent highs)
Below 3,100 (recent swing lows)
Order Absorption Zones:
3,180–3,200 showed high CVD divergence, signaling passive buy support.
c) Volume-Based Swing Highs/Lows:
Swing Highs with Volume Spike: 3,240.00
Swing Lows with Volume Spike: 3,100.00 (confirming reversal support)
d) CVD + ADX Indicator Analysis:
Trend Direction: Currently range-bound, with attempts at both upside and downside breakouts.
ADX Strength:
ADX < 20: Weak trend – indecisive market phase.
CVD Confirmation:
Previous CVD downtrend aligned with price drop → Strong supply
Latest CVD slight uptick, price holding = potential demand returning, but not yet confirmed.
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
VAL: 3,180
Recent swing low: 3,100 (with absorption)
Resistance:
VAH: 3,240
POC: 3,235
Channel top (3,200–3,220 zone)
b) Gann-Based Levels:
Swing High (Gann): 3,240
Swing Low (Gann): 3,100
Retracements:
1/2 Level: 3,170
2/3 Level: 3,180–3,190 → aligns with VAL
3. Chart Patterns & Market Structure
a) Trend: Range-bound (confirmed by weak ADX and opposing CVD moves)
b) Notable Patterns:
Falling Wedge in play, bullish breakout potential above 3,160
Parallel Channels diverging: one bullish correctional channel, one bearish continuation
Breakout Attempt: Minor bullish breakout from micro-channel underway (watch volume follow-through)
4. Trade Setup & Risk Management
a) Bullish Entry (pending CVD confirmation):
Entry Zone: 3,140–3,150 (on breakout retest)
Targets:
T1: 3,200
T2: 3,235 (POC)
Stop-Loss (SL): 3,100
RR: ~1:2 minimum
b) Bearish Entry (if rejection at POC/VAH):
Entry Zone: 3,230–3,240
Target:
T1: 3,180
Stop-Loss (SL): 3,260
RR: ~1:2 minimum
c) Position Sizing:
Risk only 1–2% of total capital per trade
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3,240.00
Value Area Low (VAL): 3,180.00
Point of Control (POC): 3,235.17
High-Volume Nodes: Around 3,220–3,240, suggesting heavy trading and possible resistance.
Low-Volume Gaps: Near 3,100–3,120, hinting at inefficient price action and potential magnet zones.
b) Liquidity Zones:
Potential Stop Clusters:
Above 3,240 (recent highs)
Below 3,100 (recent swing lows)
Order Absorption Zones:
3,180–3,200 showed high CVD divergence, signaling passive buy support.
c) Volume-Based Swing Highs/Lows:
Swing Highs with Volume Spike: 3,240.00
Swing Lows with Volume Spike: 3,100.00 (confirming reversal support)
d) CVD + ADX Indicator Analysis:
Trend Direction: Currently range-bound, with attempts at both upside and downside breakouts.
ADX Strength:
ADX < 20: Weak trend – indecisive market phase.
CVD Confirmation:
Previous CVD downtrend aligned with price drop → Strong supply
Latest CVD slight uptick, price holding = potential demand returning, but not yet confirmed.
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
VAL: 3,180
Recent swing low: 3,100 (with absorption)
Resistance:
VAH: 3,240
POC: 3,235
Channel top (3,200–3,220 zone)
b) Gann-Based Levels:
Swing High (Gann): 3,240
Swing Low (Gann): 3,100
Retracements:
1/2 Level: 3,170
2/3 Level: 3,180–3,190 → aligns with VAL
3. Chart Patterns & Market Structure
a) Trend: Range-bound (confirmed by weak ADX and opposing CVD moves)
b) Notable Patterns:
Falling Wedge in play, bullish breakout potential above 3,160
Parallel Channels diverging: one bullish correctional channel, one bearish continuation
Breakout Attempt: Minor bullish breakout from micro-channel underway (watch volume follow-through)
4. Trade Setup & Risk Management
a) Bullish Entry (pending CVD confirmation):
Entry Zone: 3,140–3,150 (on breakout retest)
Targets:
T1: 3,200
T2: 3,235 (POC)
Stop-Loss (SL): 3,100
RR: ~1:2 minimum
b) Bearish Entry (if rejection at POC/VAH):
Entry Zone: 3,230–3,240
Target:
T1: 3,180
Stop-Loss (SL): 3,260
RR: ~1:2 minimum
c) Position Sizing:
Risk only 1–2% of total 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.