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Gold Near $1,200; What Will Be The Touchdown Pass This Week? - Frank Holmes Nov 24 2014 2:30PM


Commentary

Where are the Stops? Monday, November 24: Gold and Silver Nov 24 2014 8:43AM

Editor's Note: Professional traders have a very good idea of price levels at which buy and sell stop orders are located on a daily basis. And now you will, too! If pre-placed buy or sell stop order are triggered, bigger price moves can immediately follow. Most stop orders are located and placed based upon key technical support or resistance levels on the daily chart, which if breached, would significantly change the near-term technical posture of that market. Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.


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updown DJIA 17,820.11 +10.05
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updown RUSSELL 1,182.58 +10.16
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updown TSX 14,993.80 -117.36
updown USD 88.15 -0.13
updown Crude Oil 75.80 -0.71
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