How Do You Interpret the Difference between Sell Limit Gold Order and Sell Stop Gold Order?
How to Interpret the Difference between Sell Limit XAUUSD Order and Sell Stop 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 Gold 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 XAUUSD 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.
Order now Changes to a Sell gold order
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 Sell Stop Gold Order?
What Does Sell Stop XAUUSD Order Mean?
A Sell Stop Gold Order is an order to sell a gold after the price rises to the set sell stop xauusd price region.
The sell stop order is always set to sell below the existing market xauusd prices.
What's Sell Stop Gold Order Example?
In the examples explained and shown below a sell stop order was placed to sell at a level below current market xauusd price.
The xauusd price of the gold then went down to hit the sell stop order, and afterward xauusd price continued to move in a downwards direction.
Setting Sell Stop Gold Order below Resistance Level - What's Sell Stop Gold Order?
Sell stop pending order is also used to set a pending gold order when there's a consolidation pattern on a gold chart. The Sell stop order is used to set a sell gold order just below consolidation pattern as shown below so that if there is a xauusd price break-out downwards after the consolidation pattern then a new sell gold order is opened - by the sell stop order once the sell stop xauusd trading price that set is reached.
Setting Sell Stop Gold Order in a Gold Breakout - Sell Stop Gold Order Definition & Gold Trading Examples
A Sell trade was generated from the above sell stop pending order when the price broke a support level in the first examples & when there was a downwards xauusd price breakout after a gold market consolidation pattern on the second sell stop pending order examples.
How Do I Read the Difference between Sell Limit Gold Order and Sell Stop Gold Order
