How Do You Interpret the Difference between Sell Stop Gold Order and Buy Stop Gold Order?
How to Interpret the Difference between Sell Stop XAUUSD Order and Buy Stop XAUUSD Order
What Does Sell Stop Gold 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 XAUUSD 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.
What's Buy Stop Gold Order?
What Does Buy Stop XAUUSD 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 region.
The buy stop pending order is always set to buy above existing market xauusd prices.
What is Buy Stop Gold Order Example?
In the examples explained and shown below a buy stop order was placed to buy at a level above current market xauusd price.
The xauusd price of the gold then went up to hit the buy stop order, & afterward xauusd price continued to move upwards.
Setting Buy Stop Gold Order above Resistance Level - What's Buy Stop Gold Order?
The buy stop order is also used to set pending gold order when there's a consolidation pattern on a xauusd chart. The Buy stop order is used to set a buy gold order just above 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 trading price that 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 first example and when there was an upwards xauusd price breakout after a gold market consolidation pattern on the second buy stop pending order example.
How Do I Read the Difference between Sell Stop Gold Order and Buy Stop Gold Order
