Technical Breakdown on Gold Spot / USD (XAU/USD) | 1H Timeframe

Here’s the detailed breakdown of the NAS100 1H Chart based on Volume Profile, Gann analysis, and custom indicators (CVD + ADX):
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
• Value Area High (VAH): 3,327.1
• Value Area Low (VAL): 3,291.09
• Point of Control (POC): 3,291.09
• High-volume nodes: Between 3,290 and 3,310 (visible dense volume clusters).
• Low-volume gaps: Below 3,270 and above 3,340, price can move fast through these zones.
b) Liquidity Zones:
• Potential stop clusters: Around 3,300 (recent highs), and 3,280 (recent lows).
• Order absorption zones: Strong at 3,291 (POC) and 3,327 (VAH), indicating large player interest.
c) Volume-Based Swing Highs/Lows:
• Swing High (Volume Spike): 3,327 (strong rejection noted).
• Swing Low (Volume Spike): 3,283 (buying absorption observed).
d) CVD + ADX Indicator Analysis:
• Trend Direction: Range-bound
• ADX Strength:
o ADX < 20, confirming a weak trend / ranging market.
• CVD Confirmation:
o CVD mostly falling slightly with weak price response → slight supply dominance but no strong push.
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2. Support & Resistance Levels
a) Volume-Based Levels:
• Support:
o 3,291 (POC support zone)
o 3,283 (Volume-based swing low)
• Resistance:
o 3,327 (VAH resistance zone)
o 3,300 (Minor psychological resistance)
b) Gann-Based Levels:
• Recent Gann Swing High: 3,327
• Recent Gann Swing Low: 3,283
• Key retracements:
o 1/2 level: 3,305
o 1/3 level: 3,300
o 2/3 level: 3,315
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3. Chart Patterns & Market Structure
a) Trend:
• Range-bound (confirmed by flat ADX and neutral CVD behavior).
b) Notable Patterns:
• Potential descending channel forming between 3,327 resistance and 3,280 support.
• No strong breakout/breakdown yet, price oscillating around mid-volume zones.
• Possible re-tests at POC and VAH regions.
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4. Trade Setup & Risk Management
a) Bullish Entry (If CVD + ADX confirm uptrend):
• Entry Zone: 3,283 – 3,291 (POC and volume support)
• Targets:
o T1: 3,305 (1/2 retracement and minor resistance)
o T2: 3,327 (VAH and major resistance)
• Stop-Loss (SL): 3,275 (below recent swing low)
• RR: Minimum 1:2
b) Bearish Entry (If CVD + ADX confirm downtrend):
• Entry Zone: 3,327 (VAH resistance)
• Target:
o T1: 3,291 (POC)
• Stop-Loss (SL): 3,335 (above VAH and minor swing highs)
• RR: Minimum 1:2
c) Position Sizing:
• Risk only 1-2% of capital per trade.