Kitco News

Gold Weaker on Bearish Outside Market Forces; U.S. Jobs Data on Deck Mar 5 2015 4:42PM

Gold prices ended the U.S. day session modestly lower in a choppy, two-sided trading affair Thursday. Slight early gains in gold gave way to selling pressure as the trading day progressed. A rallying U.S. dollar index that hit an 11.5-year high Thursday remains a significantly bearish “outside market” that is working against both gold and silver. April Comex gold was last down $3.50 at $1,197.40 an ounce. May Comex silver was last up $0.002 at $16.16 an ounce.


Commentary

Where are the Stops? Thursday, March 5: Gold and Silver Mar 5 2015 10:50AM

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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