Technical Breakdown on XAUUSD 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): 3,399.00
Value Area Low (VAL): 3,345.00
Point of Control (POC): 3,384.51
High-volume nodes: Clustered between 3,370 – 3,390 (sideways consolidation).
Low-volume gaps: Below 3,340 and above 3,410 – thin auction zones with potential for fast moves.
b) Liquidity Zones:
Stop Clusters Likely at:
Previous high: ~3,415 (minor swing high).
Previous low: ~3,335 (visible demand zone with prior bounce).
Order Absorption Zones:
Around POC (3,384.51): High cumulative delta volume implies passive sellers absorbing buy pressure.
c) Volume-Based Swing Highs/Lows:
Swing High (Volume Spike): ~3,415
Swing Low (Volume Spike): ~3,340
d) CVD + ADX Indicator Analysis:
Trend Direction: Range-bound with mild bullish bias (price riding just above POC but within channel).
ADX Strength:
ADX < 20 → Weak trend
DI+ ≈ DI− → No clear dominance, indicating balance.
CVD Confirmation:
Rising CVD earlier aligned with up move to 3,415.
Currently flattening, suggesting equilibrium between buying and selling.
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
VAL: 3,345.00
POC: 3,384.51
Swing Low: 3,340
Resistance:
VAH: 3,399.00
Swing High: 3,415
b) Gann-Based Levels:
Gann Swing High: 3,415
Gann Swing Low: 3,340
Key Retracement Levels from Range (3,340 - 3,415):
1/2: 3,377.5
1/3: 3,365
2/3: 3,390
3. Chart Patterns & Market Structure
a) Trend:
Current: Range-bound (ADX weak, no clear CVD breakout).
Bias: Mildly bullish consolidation within a rising channel.
b) Notable Patterns:
Ascending channel formation (light purple zone).
Breakout attempts above VAH rejected.
Price oscillating near POC → likely accumulation or rebalancing phase.
4. Trade Setup & Risk Management
a) Bullish Entry (If CVD + ADX confirm uptrend):
Entry Zone: Near POC – 3,384.5
Targets:
T1: 3,399 (VAH)
T2: 3,415 (Swing High)
Stop-Loss (SL): Below VAL – 3,340
RR: ~1:2.2 minimum
b) Bearish Entry (If CVD + ADX confirm downtrend):
Entry Zone: Near VAH – 3,399
Target:
T1: 3,345 (VAL)
Stop-Loss (SL): Above Swing High – 3,420
RR: ~1:2 minimum
c) Position Sizing: Risk only 1-2% of capital per trade. Avoid overleveraging in choppy zones.
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3,399.00
Value Area Low (VAL): 3,345.00
Point of Control (POC): 3,384.51
High-volume nodes: Clustered between 3,370 – 3,390 (sideways consolidation).
Low-volume gaps: Below 3,340 and above 3,410 – thin auction zones with potential for fast moves.
b) Liquidity Zones:
Stop Clusters Likely at:
Previous high: ~3,415 (minor swing high).
Previous low: ~3,335 (visible demand zone with prior bounce).
Order Absorption Zones:
Around POC (3,384.51): High cumulative delta volume implies passive sellers absorbing buy pressure.
c) Volume-Based Swing Highs/Lows:
Swing High (Volume Spike): ~3,415
Swing Low (Volume Spike): ~3,340
d) CVD + ADX Indicator Analysis:
Trend Direction: Range-bound with mild bullish bias (price riding just above POC but within channel).
ADX Strength:
ADX < 20 → Weak trend
DI+ ≈ DI− → No clear dominance, indicating balance.
CVD Confirmation:
Rising CVD earlier aligned with up move to 3,415.
Currently flattening, suggesting equilibrium between buying and selling.
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
VAL: 3,345.00
POC: 3,384.51
Swing Low: 3,340
Resistance:
VAH: 3,399.00
Swing High: 3,415
b) Gann-Based Levels:
Gann Swing High: 3,415
Gann Swing Low: 3,340
Key Retracement Levels from Range (3,340 - 3,415):
1/2: 3,377.5
1/3: 3,365
2/3: 3,390
3. Chart Patterns & Market Structure
a) Trend:
Current: Range-bound (ADX weak, no clear CVD breakout).
Bias: Mildly bullish consolidation within a rising channel.
b) Notable Patterns:
Ascending channel formation (light purple zone).
Breakout attempts above VAH rejected.
Price oscillating near POC → likely accumulation or rebalancing phase.
4. Trade Setup & Risk Management
a) Bullish Entry (If CVD + ADX confirm uptrend):
Entry Zone: Near POC – 3,384.5
Targets:
T1: 3,399 (VAH)
T2: 3,415 (Swing High)
Stop-Loss (SL): Below VAL – 3,340
RR: ~1:2.2 minimum
b) Bearish Entry (If CVD + ADX confirm downtrend):
Entry Zone: Near VAH – 3,399
Target:
T1: 3,345 (VAL)
Stop-Loss (SL): Above Swing High – 3,420
RR: ~1:2 minimum
c) Position Sizing: Risk only 1-2% of capital per trade. Avoid overleveraging in choppy zones.
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.