Sell Stop Gold Order Meaning

Sell Stop XAUUSD Order Meaning

A gold Sell Stop Gold Order is a pending gold order to sell a gold after the price rises to the set sell stop order quote price level.

The sell stop order is always set to sell below the existing gold market prices.

Sell Stop XAUUSD Order on Quote

In the gold trading examples below a sell stop order was placed to sell at a level below the current xauusd trading market price.

The xauusd price then went down to hit the pending sell stop order, and afterwards xauusd price continued to move downwards.

Setting Sell Stop Gold Order below Resistance Level - Sell Stop Gold Order Meaning

The sell stop order is also used to set a pending gold order when there is a consolidation chart pattern. The sell stop order is used to set a pending sell order just below the gold consolidation chart pattern as shown on the example illustrated and explained below so that if there is a xauusd price breakout downwards after the consolidation chart pattern then a new sell gold order is opened by the sell stop order - once the sell stop xauusd price quote level set is reached.

Setting Sell Stop Gold Order in a Gold Breakout - Sell Stop Gold Order Meaning

A Sell gold trading trade was opened from the above sell stop pending order when the price quote broke a support level in the first gold example and when there was a downward xauusd price breakout after a gold consolidation chart pattern on the second sell stop pending order gold example.

Sell Stop Gold Order Meaning - Sell Stop Gold Order Meaning - Sell Stop XAUUSD Order - Sell Stop Gold Order on Quote