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Thursday's Analytical Charts for Gold, Silver and Platinum and Palladium Apr 24 2014 4:05PM


Commentary

Where are the Stops? Thursday, April 24: Gold and Silver Apr 24 2014 8:49AM

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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