Support and resistance indicator for gold

Support and resistance indicator for gold

All traders and investors know that recognizing the most significant levels of support and resistance on a chart is key. There are many ways this can be done, from simple, hand-drawn lines to specialist indicators. Two such indicators from us here at Quantumtrading are the accumulation and distribution indicator and the volume point of control. The A&D indicator is price based, while the volume point of control (aka vpoc) includes both price and volume, and we can see how these work on the weekly chart for gold. What is unique about the accumulation and distribution indicator is that the lines thicken each time the price is touched, thereby confirming the relative strength of that particular support or resistance level. Meantime, the vpoc not only gives us the key levels based on price and volume but also highlights the congestion/consolidation zones where the price action is likely to pause or even struggle in its journey higher or lower. Using these indicators together gives traders...
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Best support and resistance indicator

Best support and resistance indicator

Support and resistance are integral to technical analysis and also a key plank in the volume price analysis. methodology. It, therefore, makes sense to use the best tools possible to highlight those areas and levels on a chart where the price action is going and perhaps stall. At Quantumtrading, we have developed price and volume-based tools to help traders and investors make sense of the price action, and we have a great example on old where the accumulation and distribution indicator, the volume point of control, and Camarilla pivot levels have all come together on the weekly chart. The precious metal has recently found its mojo once again, lifting off a triple bottom at the $1632 region. It also coincides with the volume support and achieved the $1812 level, where it now faces its first major price resistance level in the form of the accumulation and distribution indicator. We can see this given the thickness of the blue hatched line. The...
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Gold trading analysis

Gold trading analysis

A look at the daily and weekly charts for gold following its recent move higher, which appears to be driven by the meltdown in the crypto space and not the ongoing raging inflation and geopolitical worries. The charts speak for themselves, and the question is whether the precious metal can maintain the bullish momentum. The volume price analysis signals on the daily confirm a slowdown and correction with the key resistance levels on the weekly confirming.  ...
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Using support and resistance in multiple timeframes on the DXY, Indices and SOXL

Using support and resistance in multiple timeframes on the DXY, Indices and SOXL

Volume price analysis signals appear across all markets and timeframes. In this recording, David & I consider these on the DXY, the Indices, and the triple-levered semi-conductor ETF, the SOXL. However, as we explain, it is essential to view vpa not only in multiple timeframes but also in the context of support and resistance, which is where the Quantum indicators can help the accumulation and distribution indicator, particularly which not only marks these key levels on the chart but also confirms their relative strength. It does this by thickening the line each time it is touched, giving us a clear visual picture of the effort required to break through the levels. https://youtu.be/khR-h-IrmgI      ...
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Forex technical analysis tools

Forex technical analysis tools

In this video, David & I look at the currencies ahead of tomorrow's Non-Farm Payroll release, particularly the USD and its relationship with bonds and stocks. We also cover the importance of monthly charts and how the volatility indicator can provide insight into the following month's likely price action. We also explain where traders can find volatility metrics for the pairs. https://youtu.be/zdUVfDUoLBc...
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Stock analysis using the volume point of control & accumulation & distribution indicators

Stock analysis using the volume point of control & accumulation & distribution indicators

In this video, David & I cover using the Quantumtrading support & resistance indicators for stocks such as Fate Therapeutics, Apple & Tesla. The indicators in question are the volume point of control which marks out key levels in terms of volume and the price-based accumulation and distribution indicator. This indicator is unique in that once the indicator marks a level it will thicken each time that level is tested and holds. What this does for the trader and investor is give a clear visual picture of the relative strength of any significant level. And when the accumulation & distribution combines with the volume point of control we know the level is of supreme importance as we can see on the monthly chart for FATE. https://www.youtube.com/watch?v=oEQL_K1gCnQ Charts courtesy of Ninjatrader. Learn more about the volume price analysis methodology in Anna's book which is available here: https://amzn.to/3nGD1v8                    ...
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The volume point of control on the XLE back in focus

The volume point of control on the XLE back in focus

An update on the monthly chart for the XLE energy EFT as the sector appears to fall out of favor with the monthly chart looking to post a bearish engulfing candle. However, we were already aware the price action in the XLE was likely to come to a pause and probable reversal with the failure to take out the volume band of the volume point of control (vpoc). As one of our most powerful indicators, the vpoc not only gives us the structure of the chart in terms of whether the price action is in trend or congestion but also gives us key volume-based support & resistance levels and zones.  In addition, last month's candle also triggered our volatility indicator so a retrace into the spread of the candle was highly likely, particularly when accompanied by low volume. The vpoc itself (yellow hatched line) marks the area on the chart which could be described as being 'fair value' where traders...
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Forex market moves ahead of the FOMC

Forex market moves ahead of the FOMC

In this video David & I explain how the CME Fed Watch Tool's probability that the FED would raise the FED Fund rate to 150-175 led to the latest market meltdown. We also looked at how using the Camarilla pivots in multiple time frames can help to determine our price objective. https://youtu.be/CnFQezWG4zU    ...
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QQQ pauses ahead of this week’s CPI releases

QQQ pauses ahead of this week’s CPI releases

The accumulation & distribution indicator combined with the volume point of control highlight perfectly what is likely to happen on the QQQ which is the ETF for the Nasdaq 100 and one of the most liquid instruments in the market with an average daily volume of over 75m so plenty of liquidity. However, given the price action looks to be congesting in the accumulation & distribution channel shown on the weekly chart it's no surprise that volumes are about half the usual average. However, this is normal as volume always falls whenever a chart is in congestion/consolidation. The reason for this new phase of price action is in many ways not surprising given the recent volatility as the index (and markets take a breather) but we can expect volatility to pick up towards the end of the week with the CPI releases and next week, of course, we have the FOMC which is when the FED is expected to raise...
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Volatility & volume reveal pump & dump in PLUG

Volatility & volume reveal pump & dump in PLUG

The volatility indicator together with reading the volume and understanding its relationship to the price action and candles reveals the cynicism behind the pump & dump of Plug Power. Note too the price channel defined by the accumulation & distribution indicator. By Anna Coulling Charts courtesy of Ninjatrader. Disclaimer: This analysis is for educational purposes only. It is not a buy or sell recommendation.  ...
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