Our volume point of control (vpoc) takes the analysis of price action and volume to another level and which also complements the volume price analysis methodology. In this video, David explains how the alerts work on the version for Tradingview.
https://youtu.be/QJ3x8LfuKns...
Gold Trading Analysis
Gold trading analysis requires understanding commodity drivers. Price action alone can mislead. Volume price analysis (VPA) reveals true intent. High volume on moves shows conviction. Low volume warns of weakness.
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.
Key VPA Signals in Gold
Gold often reacts to risk sentiment and USD strength. Look for accumulation phases on down volume. Distribution appears with high volume at highs. Quantum indicators on NinjaTrader highlight these clearly. The Accumulation/Distribution tool spots building pressure early.
Practical Tips for Traders
Combine VPA with support/resistance levels. Watch for stopping volume at...
