Buy Stop Gold Order
Buy Stop XAUUSD Order on Quote
A Buy Stop Gold Order is a pending gold order to buy a gold after the price rises to the set buy stop xauusd price quote region.
The buy stop pending order is always set to buy above the existing xauusd market price.
Buy Stop Gold Order on Quote
In the gold trading examples below a buy stop order was placed to buy at a xauusd price level above the current xauusd market price.
The xauusd price pair then went up to hit the pending buy stop order, & afterward xauusd price continued to move in an upward market direction.
Setting Buy Stop Gold Order above Resistance Level - Buy Stop Gold Order Meaning
The buy stop order is also used to set pending gold order when there is a gold consolidation chart pattern. The Buy stop order is used to set a pending buy order just above the 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 gold consolidation pattern then a new buy order is opened by the buy stop order - once the buy stop xauusd price quote level set is reached.
Setting Buy Stop Gold Order in a Gold Breakout - Buy Stop Gold Order Meaning
A Buy gold trade was opened from the above buy stop pending 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 pending order example.
Buy Stop Gold Order Meaning - Buy Stop XAUUSD Order - Buy Stop Gold Order on Quote
