Technical Breakdown on Gold Spot / USD (XAU/USD) | 1H TimeframeHere’s the detailed breakdown of the Gold Spot / USD (XAU/USD) 1H Chart based on Volume Profile, Gann analysis, and custom indicators (CVD + ADX):
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
• Value Area High (VAH): 3,343.00
• Value Area Low (VAL): 3,278.50
• Point of Control (POC):
o Current session: 3,293.34
o Previous session: 3,329.53
• High-volume nodes:
o Around 3,293-3,300 (recent acceptance area)
• Low-volume gaps:
o Between 3,315 - 3,330 (thin volume, price may move quickly through)
b) Liquidity Zones:
• Stops likely above recent swing high: 3,343 (VAH area).
• Stops likely below recent swing low: 3,278 (VAL area).
• Absorption (high delta volume) noted near 3,290-3,300 (potential strong demand zone).
c) Volume-Based Swing Highs/Lows:
• Swing high at 3,343 with notable rejection and high-volume rejection candle.
• Swing low at 3,278.5 where volume spiked and buying pressure emerged.
d) CVD + ADX Indicator Analysis:
• Trend Direction: Currently slight bullish bias (CVD showing positive divergence).
• ADX Strength:
o ADX < 20 (currently weak trend, range-bound behavior likely).
• CVD Confirmation:
o Recent rising CVD with bullish price action = demand emerging.
________________________________________
2. Support & Resistance Levels
a) Volume-Based Levels:
• Support:
o VAL: 3,278.50
o POC: 3,293.34
• Resistance:
o VAH: 3,343.00
o Previous swing high: 3,343
b) Gann-Based Levels:
• Confirmed Gann swing low: 3,278
• Confirmed Gann swing high: 3,343
• Key retracement levels:
o 1/2 Retracement: ~3,310.5
o 1/3 Retracement: ~3,300
o 2/3 Retracement: ~3,320
________________________________________
3. Chart Patterns & Market Structure
a) Trend:
• Range-bound to slight bullish bias (based on ADX low + CVD rising).
b) Notable Patterns:
• Potential ascending channel forming (highlighted in purple).
• Breakout attempt from range, but not confirmed with strong volume yet.
• Minor flag pattern in consolidation near 3,293-3,300.
________________________________________
4. Trade Setup & Risk Management
a) Bullish Entry (If CVD + ADX confirm uptrend):
• Entry Zone: 3,293.50 – 3,295.00
• Targets:
o T1: 3,320
o T2: 3,343
• Stop-Loss (SL): 3,278
• RR: Minimum 1:2
b) Bearish Entry (If CVD + ADX confirm downtrend):
• Entry Zone: 3,343 (retest of VAH)
• Target:
o T1: 3,300
• Stop-Loss (SL): 3,355 (above prior swing high)
• RR: Minimum 1:2
c) Position Sizing:
• Risk 1-2% of capital per trade only.
