Technical analysis by ProspireWealth about Symbol PAXG: Sell recommendation (4/30/2025)

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): 3325.00 •Value Area Low (VAL): 3302.00 •Point of Control (POC): 3314.58 •High-volume nodes: Notable clustering around 3310–3325 zone, suggesting accumulation. •Low-volume gaps: 3340–3360 zone shows thin profile—potential breakout area if breached. b) Liquidity Zones: •Liquidity Clusters: oUpside: Prior highs near 3360 and 3380 may have stop orders. oDownside: 3280–3290 (recent swing lows) likely holding short-term stops. •Absorption Zones: Strong absorption observed just below POC (3305–3310), indicating defense by buyers. c) Volume-Based Swing Highs/Lows: •Swing High (Volume Spike): 3360 on April 26 – high rejection with strong sell volume. •Swing Low (Volume Spike): 3285 on April 25 – major buying tail, reversal support zone. d) CVD + ADX Indicator Analysis: •Trend Direction: Currently range-bound; no clean directional move post 28th April. •ADX Strength: oADX < 20: Weak trend environment oDI+ ≈ DI-: Confirms lack of clear directional bias •CVD Confirmation: oNeutral to slightly rising CVD, indicating moderate demand but not dominant oNo divergence between price and CVD—suggests indecision ________________________________________ 2. Support & Resistance Levels a) Volume-Based Levels: •Support: oVAL: 3302.00 oPOC: 3314.58 oSwing low: 3285.00 (with high delta absorption) •Resistance: oVAH: 3325.00 oSwing highs: 3360.00 and 3380.00 b) Gann-Based Levels: •Gann Swing High: 3360 (April 26) •Gann Swing Low: 3285 (April 25) •Key Retracements: o1/2: 3322.5 o1/3: 3310 o2/3: 3340 ________________________________________ 3. Chart Patterns & Market Structure a) Trend: Range-bound (confirmed by flat ADX and neutral CVD) b) Notable Patterns: •Descending triangle forming between 3325 (horizontal resistance) and lower highs •Potential breakout scenario if price clears 3325 with volume •Retests of POC at 3314 providing short-term scalping setups ________________________________________ 4. Trade Setup & Risk Management a) Bullish Entry (If CVD + ADX confirm uptrend): •Entry Zone: 3310–3315 •Targets: oT1: 3340 oT2: 3360 •Stop-Loss (SL): 3295 (below VAL) •RR: Minimum 1:2 b) Bearish Entry (If CVD + ADX confirm downtrend): •Entry Zone: 3325–3330 •Target: oT1: 3285 •Stop-Loss (SL): 3345 (above recent swing high) •RR: Minimum 1:2 c) Position Sizing: Risk only 1-2% of capital per trade