How Do You Interpret the Difference between Sell Stop Gold Order & Buy Limit Gold Order?
How to Analyze the Difference between Sell Stop XAUUSD Order & Buy Limit XAUUSD 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 level.
The sell stop order is always set to sell below the existing market xauusd prices.
What's Sell Stop Gold Order Example?
In the example explained and shown below a sell stop order was placed to sell at a level below the current market xauusd price.
The xauusd price of the gold then went down to hit the sell stop order, & afterward xauusd price continued to move downwards.
Setting Sell Stop Gold Order below Resistance Level - What's Sell Stop Gold Order?
The sell stop order is also used to set a pending gold order when there's a consolidation pattern on a gold chart. Sell stop order is used to set a sell gold order just below the 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 price 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 example and when there was a downward xauusd price breakout after a gold market consolidation pattern on the second sell stop order examples.
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 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 Gold Orders: Buy Entry Limit
Buy Limit Gold Order definition - Entry limit gold order 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 XAUUSD 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
How Do You Interpret the Difference between Sell Stop Gold Order & Buy Limit Gold Order
