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 environmentoDI+ ≈ DI-: Confirms lack of clear directional bias•CVD Confirmation:oNeutral to slightly rising CVD, indicating moderate demand but not dominantoNo divergence between price and CVD—suggests indecision________________________________________2. Support & Resistance Levelsa) Volume-Based Levels:•Support:oVAL: 3302.00oPOC: 3314.58oSwing low: 3285.00 (with high delta absorption)•Resistance:oVAH: 3325.00oSwing highs: 3360.00 and 3380.00b) Gann-Based Levels:•Gann Swing High: 3360 (April 26)•Gann Swing Low: 3285 (April 25)•Key Retracements:o1/2: 3322.5o1/3: 3310o2/3: 3340________________________________________3. Chart Patterns & Market Structurea) 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 Managementa) Bullish Entry (If CVD + ADX confirm uptrend):•Entry Zone: 3310–3315•Targets:oT1: 3340oT2: 3360•Stop-Loss (SL): 3295 (below VAL)•RR: Minimum 1:2b) Bearish Entry (If CVD + ADX confirm downtrend):•Entry Zone: 3325–3330•Target:oT1: 3285•Stop-Loss (SL): 3345 (above recent swing high)•RR: Minimum 1:2c) Position Sizing: Risk only 1-2% of capital per trade