Technical analysis by ProspireWealth about Symbol PAXG on 4/29/2025

Here’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):oCurrent session: 3,293.34oPrevious session: 3,329.53•High-volume nodes:oAround 3,293-3,300 (recent acceptance area)•Low-volume gaps:oBetween 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:oADX < 20 (currently weak trend, range-bound behavior likely).•CVD Confirmation:oRecent rising CVD with bullish price action = demand emerging.________________________________________2. Support & Resistance Levelsa) Volume-Based Levels:•Support:oVAL: 3,278.50oPOC: 3,293.34•Resistance:oVAH: 3,343.00oPrevious swing high: 3,343b) Gann-Based Levels:•Confirmed Gann swing low: 3,278•Confirmed Gann swing high: 3,343•Key retracement levels:o1/2 Retracement: ~3,310.5o1/3 Retracement: ~3,300o2/3 Retracement: ~3,320________________________________________3. Chart Patterns & Market Structurea) 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 Managementa) Bullish Entry (If CVD + ADX confirm uptrend):•Entry Zone: 3,293.50 – 3,295.00•Targets:oT1: 3,320oT2: 3,343•Stop-Loss (SL): 3,278•RR: Minimum 1:2b) Bearish Entry (If CVD + ADX confirm downtrend):•Entry Zone: 3,343 (retest of VAH)•Target:oT1: 3,300•Stop-Loss (SL): 3,355 (above prior swing high)•RR: Minimum 1:2c) Position Sizing:•Risk 1-2% of capital per trade only.