Gold Trading Stop Orders Trading

These stop gold orders are gold orders to buy above the xauusd market or to sell below the xauusd market.

• Buy Stop Gold OrderAn order to buy at a level above the xauusd market xauusd price.

• Sell Stop Gold OrderAn order to sell at a level below the xauusd market xauusd price.

Buy Entry and Sell Entry

These stop gold orders are used by traders wanting to trade a setup like the consolidation chart pattern but they do not want to wait and watch the xauusd prices all day long until there is a xauusd price breakout.

Therefore, traders will set these pending stop gold orders above and below the current xauusd price and a xauusd price breakout in any of these direction will execute one of these stop gold orders and a buy gold trade or a sell gold trade will automatically be opened.