Buy Stop Gold Order Example
Buy Stop XAUUSD Order Meaning
A gold buy Stop order is an order to buy a gold after the price rises to the set buy stop xauusd price region.
The buy stop order is always set to buy above the existing xauusd market price.
How to Set a Buy Stop XAUUSD Order in XAUUSD Trading
In the gold trading examples below pending buy stop order was used to buy at a level above the current xauusd market price.
The xauusd price pair then went up to hit the buy stop order, and afterwards xauusd price continued to move upwards.
Setting Buy Stop Gold Order above Resistance Level - Buy Stop XAUUSD Order Meaning - Buy Stop Gold Order Definition
The buy stop order is also used to set a pending gold order when there is a consolidation chart pattern on a xauusd chart. The buy stop order is used to set a buy order just above the gold consolidation chart pattern as shown on the gold example illustrated and explained below so that if there is a xauusd price breakout upwards after the consolidation chart pattern then a new buy order is opened by the pending buy stop order - once the buy stop xauusd trading price that set is reached.
How to Set a Buy Stop XAUUSD Order in Gold Trading Breakout - Buy Stop Gold Order Example
A Buy gold trade was opened from the above gold pending buy stop order when the price broke a resistance level in the first gold example and when there was an upward xauusd price breakout after a gold consolidation chart pattern on the second buy stop order gold example.
