Types of Orders in Gold PDF
What are the Types of XAUUSD Orders?
- Gold Market Order
XAUUSD Market Order is the most basic type of gold order, gold market order is used to buy or sell at the current xauusd price. This refers to the quoted xauusd price that appears on your xauusd trading platform.
Market Order type of xauusd order is used for buying or selling according to the present xauusd price quote - the execution of market order is instant. The minute you want to enter a gold position you can buy & sell at a click of a button using a xauusd market order.
- Buy Limit Gold Order Specifies to buy at a level below the current gold market price
When buying, gold pending buy limit order is executed when the price falls to your limit xauusd price quote region.
- Sell Limit Gold Order Specifies to sell at a level above the current market xauusd price
When selling, gold pending sell limit order is executed when the price rises to your limit xauusd price quote region.
- Buy Stop Gold Order Specifies to buy at a level above the current xauusd market price.
When buying, a pending buy stop order is executed as the gold market goes up and hits buy stop xauusd price quote region.
- Sell Stop Gold Order Specifies to sell at a level below the current xauusd market price.
When selling, a pending sell stop order is executed as the xauusd market price goes down and hits the sell stop xauusd price quote region.
