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.
Nice idea on XAGUSD and there may be bearish bias as you have identified. The resistance that we have identified is at 14.84, which lies below the resistance level that you have identified. It is a horizontal swing high resistance, with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Stochastic is approaching its resistance and we might see a corresponding drop in price should it react off this level. If a corresponding bounce does occur, we may want to look at the 14.52 support level. It is a horizontal swing low support with 78.6% Fibonacci retracement. Excited to see how things develop.
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GoldSilverAnalyst
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@easyMarkets, I can say only one thing precious metals are on the verge of there next major decline
Sasquatch_Trader
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If the ppt and fsb tank the market they will surely dump the metals too
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