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...
