How Do You Interpret the Difference between Buy Limit Gold Order & Buy Stop Gold Order?
How to Analyze the Difference between Buy Limit XAUUSD Order & Buy Stop XAUUSD Order
A buy limit order is an order to buy a xauusd at a better price after xauusd price has retraced from its current level.
A buy limit order is an order to buy at a lower xauusd price than the current xauusd price
A buy limit order is only executed when the prices falls & retraces to the set buy limit xauusd trade order level.
Entry Limit XAUUSD Orders: Buy Entry Limit
Buy Limit Gold Order definition - Entry limit is an order to buy a xauusd at a certain xauusd price which is a retracement level where xauusd price is predicted to pull-back to before resuming the original Gold trend.
Traders use buy limit orders to buy at better market price. These types of buy limit orders are available in most of the online trading platforms, for our examples we will use MT4 trading platform.
An entry buy limit order of this type can be used to buy below the xauusd market level (retracement in an upward gold trend market).
Buy limit - When buying, your entry buy limit order is executed when the xauusd market falls to your set xauusd price. ( retraces down )
Entry orders are placed by traders when they expect xauusd price to bounce back after reaching this level.
- Entry Buy Limit Gold Orderbuy at a level below the current market level.
Buy Entry Limit Gold Order Example
In the xauusd trading examples illustrated and described below, the buy limit order was placed to buy at a xauusd price below the current market xauusd price. Point Marked B is the point at which it was set.
Buy Limit Gold Order Placed to Buy Below the Current Market Gold Price
The gold then retraced and went down to hit the buy entry limit gold order, and afterward xauusd price continued to move upward in direction of the original Gold upward trend. When the limit buy gold order was hit it changed to a buy xauusd trade order.
Gold Price Hits Buy Limit XAUUSD Order - Buy Limit Gold Orders Now Changes to a Buy Order
What's Buy Stop XAUUSD Order?
What Does Buy Stop Gold Order Mean?
A Buy Stop Gold Order is an order to buy a gold after the price rises to the set buy stop xauusd price level.
The buy stop order is always set to buy above existing market xauusd prices.
What is Buy Stop XAUUSD Order Example?
In the examples described and shown below a buy stop order was placed to buy at a level above the current market xauusd price.
The xauusd price of the gold then went up to hit the buy stop order, and afterward xauusd price continued to move upwards.
Setting Buy Stop Gold Order above Resistance Level - What's Buy Stop Gold Order?
Buy stop pending order is also used to set pending gold order when there's a consolidation pattern on a xauusd chart. Buy stop order is used to set a buy gold order just above the consolidation pattern as shown below so that if there is a xauusd price break-out upwards after the consolidation pattern then a new buy gold order is opened - by the buy stop order once the buy stop xauusd price set is reached.
Setting Buy Stop Gold Order in a Gold Breakout - Buy Stop Gold Order Definition & Gold Trading Examples
A Buy trade was generated from the above buy stop order when the price broke a resistance area in the first examples and when there was an upwards xauusd price breakout after a gold market consolidation pattern on the second buy stop order example.
How Do You Interpret the Difference between Buy Limit Gold Order & Buy Stop Gold Order
