Gold VSA analysis
Ria V Vaghela Gold has been talk of the town because of its traditional hedging capabilities in such volatile times. So I thought why not refresh our VSA muscle on Gold CFD chart. This is a quick and rough analysis ONLY meant for EDUCATIONAL purpose and not investment advice.
This Gold CFD daily chart (with volume and RSI indicators) from Trading212 clearly shows a pattern. From Sep 2025 to Jan 2026, the chart shows a typical pattern where price gradually moves upward with periodic corrections. In VSA terms, this could suggest phases where larger market participants are active while price trends higher.
The 2 large red spread bars with big volume bars during corrections in VSA sometimes signal of stopping volume during correction particularly because price stabilises afterwards and the following candles show narrower spreads and gradually declining volume. I like to call this ‘cautious uptrend’. The RSI swings during these corrections also align with this pattern, showing momentum cooling off during pullbacks before recovering as the trend resumes.
Feb 2026 however has got gold swinging massively because of macro events.
At this moment, VSA traders would potentially say that the market is approaching the test for supply. The latest reading is characterised by large red volume bar alongside small down spread. If the candle on Friday 13 March 2026 turns out to be a small down candle and low volume, in theory, it is interpreted as a potential no supply test. No supply test usually preceeds a bullish movement assuming no other macro shocks appear this weekend!
Of course, gold markets are heavily influenced by macro factors, so technical analysis alone is rarely the full story. Still, gold charts can be a useful way for beginners to practice recognising VSA concepts such as stopping volume, testing, and effort vs result.
Disclaimer: This article is only for educational purposes and does not constitute investment advice.
Ria Vaghela
MSc Finance graduate from the London School of Economics and Political Science (LSE)
Ria V Vaghela is an M&A Associate at RSM UK and an MSc Finance graduate from the London School of Economics and Political Science (LSE). She has worked at Jefferies, Dial Partners, GP Bullhound and 7i Capital prior to RSM UK gaining an extensive experience in finance. She has also worked as an Editor and Content Writer for The Representative Media. Apart from finance, she is interested in reading books on philosophy, self-help and economics, likes to paint and play lawn tennis.
