Technical analysis by ProspireWealth about Symbol PAXG on 5/13/2025

Technical Breakdown on Gold Spot / USD (XAU/USD) – 1H Timeframe Using Volume Profile, Gann, and CVD + ADX1. Key Observations (Volume, Gann & CVD + ADX Focused)a) Volume Profile Insights:Value Area High (VAH): 3,360.00Value Area Low (VAL): 3,220.00Point of Control (POC): 3,234.30 (current session), 3,382.79 (previous session)High-volume nodes: 3,255 – 3,275 range shows emerging absorptionLow-volume gaps: 3,280 – 3,300 and 3,340 – 3,360 indicate potential resistance zonesb) Liquidity Zones:Clustered Stops: Around 3,300 (swing high), 3,220 (recent swing low)Absorption Zones: POC zone at 3,234.3 with heavy CVD divergence and bouncec) Volume-Based Swing Highs/Lows:Swing High: 3,382.79 – confirmed rejection with strong volume and price reversalSwing Low: 3,234.30 – high-volume absorption, currently acting as supportd) CVD + ADX Indicator Analysis:Trend Direction: Currently range-bound with minor bullish divergence formingADX Strength:ADX ≈ 18 – weak trend, choppy conditionsCVD Confirmation:Recent rising CVD despite flat price = hidden demandPast falling CVD + bearish move to 3,234.3 = strong supply area confirmed2. Support & Resistance Levelsa) Volume-Based Levels:Support:3,234.30 (POC)3,220.00 (VAL and swing low)Resistance:3,275.00 (minor rejection zone)3,300.00 (psychological + structure)3,360.00 (VAH)b) Gann-Based Levels:Confirmed Gann Swing Low: 3,234.30Retracement Levels from 3,382.79 High:1/2: 3,308.552/3: 3,316.863. Chart Patterns & Market Structurea) Trend: Currently range-bound, transitioning with a potential bullish breakout biasb) Notable Patterns:Emerging ascending wedge/channel forming in recent candlesPrior double-bottom near 3,234 with bullish CVD divergenceTesting lower trendline (accumulation possibility)4. Trade Setup & Risk Managementa) Bullish Entry (If CVD + ADX confirm uptrend):Entry Zone: 3,240 – 3,250Targets:T1: 3,275T2: 3,308Stop-Loss (SL): 3,220RR: Minimum 1:2b) Bearish Entry (If CVD + ADX confirm downtrend):Entry Zone: 3,300 – 3,308 (near wedge resistance)Target:T1: 3,234Stop-Loss (SL): 3,360RR: Minimum 1:2c) Position Sizing:Risk only 1-2% of capital per trade. Calculate position size based on SL distance and capital base.