Sell Stop Gold Order Definition

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 xauusd trading market price.

Sell Stop XAUUSD Order

In the gold examples below a sell stop order was placed to sell at a level below the current xauusd trading market price.

The xauusd price pair then went down to hit the sell stop order, and afterwards xauusd price continued to move downwards.

Setting Sell Stop Gold Order below Resistance Level - Sell Stop Gold Order Meaning

The sell stop order is also used to set a pending gold order when there is a consolidation chart pattern on a xauusd chart. The sell stop order is used to set a sell order just below the consolidation chart pattern as shown on the xauusd trading example illustrated and explained below so that if there is a xauusd price breakout downwards after the gold consolidation chart pattern then a new sell order is opened by the pending sell stop order - once the sell stop xauusd price set is reached.

Setting Sell Stop Gold Order in a Gold Price Breakout - How to Set A Sell Stop Gold Order in Gold Trading

A Sell trade was opened from the above pending sell stop order when the price broke a support level in the first gold example and when there was a downward xauusd price breakout after a gold consolidation chart pattern on the second sell stop order example.