Sell Limit Gold Order Definition
Sell Limit Gold Order Explained - A sell limit order is a gold order used to sell a xauusd at a better xauusd price after the price has retraced upward from its current level.
A sell limit order is a pending gold order to sell after the xauusd market price retraces upwards within a downward xauusd trend.
A sell limit order is only executed when the prices moves upwards and retraces to the set sell limit xauusd trade order level.
XAUUSD Entry Limit XAUUSD Orders: Sell Limit XAUUSD Order Pending Order
Sell Limit Gold Order Meaning - Entry sell limit order is a pending gold order to sell a Gold at a certain xauusd price which is a retracement level where xauusd price is predicted to pullback to before resuming the original xauusd trading downward trading trend.
Traders use sell limit orders to sell at better gold market price. These types of sell limit orders are available in many online gold trading platforms, for our example we will use the MT4 platform.
An entry sell limit order of this type can be used to sell above the xauusd market level ( xauusd price retracement pullback in a downward trend gold trend).
Sell limit Order - When selling, your entry sell limit order is executed when the xauusd market price rises to your set xauusd price. ( retraces up )
Sell limit gold orders are placed by traders when they expect the xauusd price to pullback downward after reaching this level.
- Sell Limit Gold Ordera pending gold order to sell at a level above the current xauusd trading market price.
Sell Limit Gold Order Example
In the gold example illustrated and explained below a the sell limit order was placed to sell at a xauusd price above the current gold market price. This is the level for the xauusd price retracement.
Sell Limit Gold Order Placed to Sell above the Current Gold Price
The xauusd price then rallied, went up to hit the pending sell entry limit gold order, and afterwards xauusd price continued to move downwards in the direction of the original xauusd trading downward trading trend.
Gold Price Hits Sell Limit Gold Order
When xauusd price hit the set sell limit order xauusd price level the sell limit order changed to a sell order, this is therefore a good gold trading method to sell at a better xauusd price after a xauusd price retracement.
Sell Limit Gold Order Meaning - Sell Limit Gold Order Definition - Sell Limit Gold Order Example - Sell Limit XAUUSD Order - Sell Limit Gold Order Explained.
