How Do You Interpret the Difference between Sell Limit Gold Order & Buy Stop Gold Order?
How to Analyze the Difference between Sell Limit XAUUSD Order & Buy Stop XAUUSD Order
A sell limit pending order is an order to sell a xauusd at a better price after xauusd price has retraced upward from its current level.
A sell limit order is an order to sell after the xauusd market retraces upward within a downwards xauusd trend.
A sell limit order is only executed when prices moves upward & retraces to the set sell limit xauusd trade 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 pending orders to sell at better market price. These types of sell limit pending orders are provided for in most of +the online trading platforms, for our examples we will use MT4 trading platform.
An entry sell limit 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 up )
Entry orders are placed by traders when they expect xauusd price to pull back downwards after reaching this level.
- Entry Sell Limit Gold Ordersell at a level above the current market level.
What is Sell Limit Gold Order Example?
In the xauusd trading examples illustrated and 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, and afterward xauusd price continued to move downwards in 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'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 Sell Limit Gold Order & Buy Stop Gold Order
