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

Technical Breakdown on XAUUSD 1H Chart using Volume Profile, Gann, and CVD + ADX 1. Key Observations (Volume, Gann & CVD + ADX Focused) a) Volume Profile Insights: Value Area High (VAH): 3,399.00 Value Area Low (VAL): 3,345.00 Point of Control (POC): 3,384.51 High-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): ~3,415 Swing Low (Volume Spike): ~3,340 d) 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 trend DI+ ≈ 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 Levels a) Volume-Based Levels: Support: VAL: 3,345.00 POC: 3,384.51 Swing Low: 3,340 Resistance: VAH: 3,399.00 Swing High: 3,415 b) Gann-Based Levels: Gann Swing High: 3,415 Gann Swing Low: 3,340 Key Retracement Levels from Range (3,340 - 3,415): 1/2: 3,377.5 1/3: 3,365 2/3: 3,390 3. Chart Patterns & Market Structure a) 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 Management a) Bullish Entry (If CVD + ADX confirm uptrend): Entry Zone: Near POC – 3,384.5 Targets: T1: 3,399 (VAH) T2: 3,415 (Swing High) Stop-Loss (SL): Below VAL – 3,340 RR: ~1:2.2 minimum b) Bearish Entry (If CVD + ADX confirm downtrend): Entry Zone: Near VAH – 3,399 Target: T1: 3,345 (VAL) Stop-Loss (SL): Above Swing High – 3,420 RR: ~1:2 minimum c) Position Sizing: Risk only 1-2% of capital per trade. Avoid overleveraging in choppy zones.