How Do You Interpret the Difference between Sell Limit Gold Order & Buy Limit Gold Order?
How to Interpret the Difference between Sell Limit XAUUSD Order & Buy Limit XAUUSD Order
A sell limit order is an order to sell a xauusd at a better price after xauusd price has retraced upward from its current region.
A sell limit order is an order to sell after the xauusd market retraces upward within a downward xauusd trend.
A sell limit pending order is only executed when the prices moves upward and retraces to the set sell limit order level.
Entry Limit XAUUSD Orders: Sell Entry Limit
Sell Limit Gold Order definition - Entry sell limit order is an order to sell 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 sell limit orders to sell at a better market price. These types of sell limit pending orders are provided for in most of +the online trading softwares, for our examples we will use MT4 trading platform.
An entry sell limit pending order of this type can be used to sell above xauusd market level (retracement pull back in a downwards trend XAUUSD market).
Sell limit - When selling, your entry sell limit order is executed when the xauusd market rises to your set xauusd price. ( retraces upward )
Entry orders are placed by traders when they expect xauusd price to pullback downward after reaching this region.
- Entry Sell Limit Gold Ordersell at a level above the current market level.
What is a Sell Limit Gold Order Example?
In the xauusd examples illustrated & described below a the sell limit order was placed to sell at a xauusd price above the current market xauusd price. This is the level for the xauusd price retracement.
Sell Limit Gold Order Placed to Sell above the Current Market Gold Price
The gold then rallied, went up to hit the sell entry limit gold order, & afterward xauusd price continued to move downwards in the direction of the original XAUUSD downward xauusd trend.
Gold Price Hits Sell Limit XAUUSD Order - Sell Limit Gold Order Definition & Gold Trading Examples
When xauusd price got to the set sell limit order level the sell limit order changed in to a sell gold order, this is therefore a good method to sell at a better xauusd price after a retracement.
What is Buy Limit 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 region.
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 order region.
Entry Limit Gold 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 pending orders to buy at better market price. These types of buy limit orders are available in most of the online trading softwares, 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 upwards 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 downward )
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 example illustrated & explained below, the buy limit order was placed to buy at a xauusd price below the current market xauusd price. Chart Point 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, & afterward xauusd price continued to move upward in the direction of the original Gold upward trend. When the limit buy gold order was hit it changed to a buy xauusd trading order.
Gold Price Hits Buy Limit XAUUSD Order - Buy Limit Gold Orders Now Changes to a Buy Gold Order
How Do I Read the Difference between Sell Limit Gold Order & Buy Limit Gold Order
