Technical analysis by ProspireWealth about Symbol PAXG on 5/8/2025

Technical Breakdown on XAUUSD 1H Chart using Volume Profile, Gann, and CVD + ADX1. Key Observations (Volume, Gann & CVD + ADX Focused)a) Volume Profile Insights:Value Area High (VAH): 3,399.00Value Area Low (VAL): 3,345.00Point of Control (POC): 3,384.51High-volume nodes: Clustered between 3,370 – 3,390 (sideways consolidation).Low-volume gaps: Below 3,340 and above 3,410 – thin auction zones with potential for fast moves.b) Liquidity Zones:Stop Clusters Likely at:Previous high: ~3,415 (minor swing high).Previous low: ~3,335 (visible demand zone with prior bounce).Order Absorption Zones:Around POC (3,384.51): High cumulative delta volume implies passive sellers absorbing buy pressure.c) Volume-Based Swing Highs/Lows:Swing High (Volume Spike): ~3,415Swing Low (Volume Spike): ~3,340d) CVD + ADX Indicator Analysis:Trend Direction: Range-bound with mild bullish bias (price riding just above POC but within channel).ADX Strength:ADX < 20 → Weak trendDI+ ≈ DI− → No clear dominance, indicating balance.CVD Confirmation:Rising CVD earlier aligned with up move to 3,415.Currently flattening, suggesting equilibrium between buying and selling.2. Support & Resistance Levelsa) Volume-Based Levels:Support:VAL: 3,345.00POC: 3,384.51Swing Low: 3,340Resistance:VAH: 3,399.00Swing High: 3,415b) Gann-Based Levels:Gann Swing High: 3,415Gann Swing Low: 3,340Key Retracement Levels from Range (3,340 - 3,415):1/2: 3,377.51/3: 3,3652/3: 3,3903. Chart Patterns & Market Structurea) Trend:Current: Range-bound (ADX weak, no clear CVD breakout).Bias: Mildly bullish consolidation within a rising channel.b) Notable Patterns:Ascending channel formation (light purple zone).Breakout attempts above VAH rejected.Price oscillating near POC → likely accumulation or rebalancing phase.4. Trade Setup & Risk Managementa) Bullish Entry (If CVD + ADX confirm uptrend):Entry Zone: Near POC – 3,384.5Targets:T1: 3,399 (VAH)T2: 3,415 (Swing High)Stop-Loss (SL): Below VAL – 3,340RR: ~1:2.2 minimumb) Bearish Entry (If CVD + ADX confirm downtrend):Entry Zone: Near VAH – 3,399Target:T1: 3,345 (VAL)Stop-Loss (SL): Above Swing High – 3,420RR: ~1:2 minimumc) Position Sizing: Risk only 1-2% of capital per trade. Avoid overleveraging in choppy zones.