Technical analysis by ProspireWealth about Symbol PAXG: Buy recommendation (5/6/2025)

Here is a full professional breakdown of the attached XAU/USD 1H chart (Gold Spot) using Volume Profile, Gann levels, CVD + ADX structure.1. Key Observations (Volume, Gann & CVD + ADX Focused)a) Volume Profile InsightsValue Area High (VAH): $3,364.00Value Area Low (VAL): $3,314.00Point of Control (POC):Current session: $3,314.78Previous key zone: $3,257.03Volume Node Analysis:High-Volume Nodes: Around $3,314 and $3,257 – shows strong institutional interest and base-building.Low-Volume Gaps: Between $3,285–$3,305 – fast move zones, expect volatility on re-entry.b) Liquidity ZonesBuy-side Liquidity (stops above): Near $3,364 and projected $3,400+Sell-side Liquidity (stops below): $3,314 (POC), $3,257 (previous POC), $3,245Absorption Zones: Heavy volume observed near $3,314 and $3,257c) Volume-Based Swing Highs/LowsSwing Low Support: $3,257 (confirmed with POC and structure)Swing High Resistance: $3,364 (local high tested)d) CVD + ADX Indicator AnalysisTrend Direction: Uptrend – confirmed by rising price action + volume supportADX Strength: > 20 and DI+ > DI- → Confirmed UptrendCVD Confirmation: Strong uptrend alignment – CVD is rising with price → indicates strong demand2. Support & Resistance Levelsa) Volume-Based LevelsSupport:$3,314 (POC – session)$3,257 (Major POC)$3,245 (historical volume cluster)Resistance:$3,364 (recent high / VAH)$3,400 (psychological round number + potential stop cluster)b) Gann-Based LevelsRecent Swing Low (Gann): $3,257Recent Swing High (Gann): $3,364Retracements from $3,364 High:1/3: $3,3281/2: $3,3102/3: $3,2923. Chart Patterns & Market Structurea) Trend:Bullish Trend – Higher highs and higher lows with volume confirmationb) Notable Patterns:Breakout from consolidation at $3,314Potential Bullish Flag/Wedge forming inside the channelRetest possible near $3,314–$3,292 for continuation4. Trade Setup & Risk Managementa) Bullish EntryEntry Zone: $3,314–$3,292 (retest of breakout and channel base)Targets:T1: $3,400T2: $3,440–$3,480 (upper channel bound)Stop-Loss (SL): Below $3,257Risk-Reward: Minimum 1:2b) Bearish EntryOnly valid on break and close below $3,257Entry Zone: $3,257Target: $3,220Stop-Loss (SL): Above $3,292Risk-Reward: Minimum 1:2c) Position SizingRisk only 1-2% of capital per trade