Buy Limit Gold Order vs Buy Stop Gold Order
Buy Limit Gold Order Meaning
A buy limit order is a pending gold order to buy gold at a better price after xauusd price has retraced from its current quote level.
A buy limit order is an order to buy at a lower xauusd price than the current gold quote xauusd price
A buy limit order is only executed when the price falls and retraces to the set buy limit order region.
Limit Gold Orders: Buy Limit XAUUSD Order
Buy Limit Gold Order Meaning - buy limit order is an order to buy at a certain xauusd price which is a retracement level where xauusd price is predicted to pullback to before resuming the original Gold trend.
Traders use buy limit orders to buy at better market price.
An entry buy limit order of this type can be used to buy below the current market xauusd price level (retracement in an up gold trend gold market).
Buy limit xauusd order - When buying, your entry buy limit order is executed when the xauusd market drops to your set xauusd price. ( xauusd price retraces down)
Entry buy limit orders are placed by traders when they expect xauusd price to bounce back after reaching this buy limit order region.
- Buy Limit Gold Order used to buy at a level below the current market level.
Buy Limit XAUUSD Order Explained
In the gold example illustrated and explained below, the buy limit order was placed to buy at a xauusd price below the current market xauusd price. Point B is the point at which the buy limit order was set.
Buy Limit Gold Order vs Buy Stop XAUUSD Order - Difference between Buy Stop Gold Order and Buy Limit XAUUSD Order - Buy Limit Gold Order vs Buy Stop Gold Orders
The xauusd price quote then retraced and went down to hit the buy limit order, and afterwards the xauusd price continued to move upwards in the direction of the original gold upward trend. When the gold limit buy order was hit it changed to a gold buy order.
Buy Limit Gold Order vs Buy Stop XAUUSD Order - Difference between Buy Stop Gold Order and Buy Limit XAUUSD Order - Buy Limit Gold Order vs Buy Stop Gold Orders
Buy Stop Gold Order Meaning
A buy stop order is a pending gold order to buy gold after the price rises to the set buy stop order xauusd price region.
The buy stop order is always set to buy above the existing xauusd market price.
Buy Stop XAUUSD Order Explained
In the gold examples below a buy stop order was placed to buy at a level above the current xauusd market price.
The xauusd price of gold then went up to hit the buy stop order, and afterwards the xauusd price continued to move upwards.
Buy Limit Gold Order vs Buy Stop Gold Orders - Buy Stop Gold Order and Buy Limit XAUUSD Order - Buy Stop Gold Order and Buy Limit Gold Order
The buy stop order is also used to set a pending buy order when there is a gold consolidation chart pattern. The buy stop order is used to set a buy order just above the consolidation chart pattern as shown on the xauusd trading example illustrated and explained below so that if there is a xauusd price breakout upwards after the gold consolidation chart pattern then a new buy order is opened - by the buy stop order once the buy stop xauusd price quote level set is reached.
Buy Limit Gold Order vs Buy Stop Gold Orders - Buy Stop Gold Order and Buy Limit XAUUSD Order - Buy Stop Gold Order and Buy Limit Gold Order
A buy gold trade signal was generated from the above buy stop order when the price broke a resistance level in the first xauusd trading example and when there was an upward xauusd price breakout after a gold consolidation chart pattern on the second buy stop order example.
