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 Insights Value Area High (VAH): $3,364.00 Value Area Low (VAL): $3,314.00 Point of Control (POC): Current session: $3,314.78 Previous key zone: $3,257.03 Volume 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 Zones Buy-side Liquidity (stops above): Near $3,364 and projected $3,400+ Sell-side Liquidity (stops below): $3,314 (POC), $3,257 (previous POC), $3,245 Absorption Zones: Heavy volume observed near $3,314 and $3,257 c) Volume-Based Swing Highs/Lows Swing Low Support: $3,257 (confirmed with POC and structure) Swing High Resistance: $3,364 (local high tested) d) CVD + ADX Indicator Analysis Trend Direction: Uptrend – confirmed by rising price action + volume support ADX Strength: > 20 and DI+ > DI- → Confirmed Uptrend CVD Confirmation: Strong uptrend alignment – CVD is rising with price → indicates strong demand 2. Support & Resistance Levels a) Volume-Based Levels Support: $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 Levels Recent Swing Low (Gann): $3,257 Recent Swing High (Gann): $3,364 Retracements from $3,364 High: 1/3: $3,328 1/2: $3,310 2/3: $3,292 3. Chart Patterns & Market Structure a) Trend: Bullish Trend – Higher highs and higher lows with volume confirmation b) Notable Patterns: Breakout from consolidation at $3,314 Potential Bullish Flag/Wedge forming inside the channel Retest possible near $3,314–$3,292 for continuation 4. Trade Setup & Risk Management a) Bullish Entry Entry Zone: $3,314–$3,292 (retest of breakout and channel base) Targets: T1: $3,400 T2: $3,440–$3,480 (upper channel bound) Stop-Loss (SL): Below $3,257 Risk-Reward: Minimum 1:2 b) Bearish Entry Only valid on break and close below $3,257 Entry Zone: $3,257 Target: $3,220 Stop-Loss (SL): Above $3,292 Risk-Reward: Minimum 1:2 c) Position Sizing Risk only 1-2% of capital per trade