Gold Gold Daily Video, March 19, 2020

[Sive Morten]

Good morning,

Gold shows consolidation around strong weekly support area, keeping chances on upside bounce:

 

[Ugyen Penjore]

Thank you Sive sir, I have one question. How can one know how many pips Institutional traders would target below neckline or support here currently to have w&r complete? Do they have some kinda indicator to see where retail traders are keeping Stop Loss?

 

[Joh]

Good morning,

Gold shows consolidation around strong weekly support area, keeping chances on upside bounce:

Thank you Sive, much appreciated

 

[Sive Morten]

Thank you Sive sir, I have one question. How can one know how many pips Institutional traders would target below neckline or support here currently to have w&r complete? Do they have some kinda indicator to see where retail traders are keeping Stop Loss?

CFD brokers see stops of their clients, while big brokers on the Comex could see all orders and positions in a Bid/Ask Column. If you ever trade stocks - you could see the orders chain and its value. Yes, big brokers see the areas of orders concentration.

 

[Ugyen Penjore]

Hmm. Thank you Sive. I have tried trading gold intra-days without stops and closing trades asap TP is hit and it worked so far.