What are MetaTrader 4 Pending Gold Orders?

There are two different types of gold pending xauusd trade orders:

These are Limit orders and Stop orders as explained below:

Limit Gold Orders on MetaTrader 4 XAUUSD Trading Software

To set up these limit gold orders on the MT4 platform use the following procedure:

1. Right click on xauusd chart
2. Select "Trading" Option on the Menu
3. Then Select "New" Order Option on the Pop up widow that appears
4. Then on the trade setup popup window that appears (shown below), under the label "Type" select the option of "Pending XAUUSD Order" instead of "market execution"
5. Under the pending xauusd order options select the pending gold order type: for This trade select "Buy Limit Gold Order" or "Sell Limit Gold Order" so as to place a pending limit gold order

Setting Limit Gold Orders on MT4 - Set Pending Limit Gold Orders on MetaTrader 4?

Stop Gold Orders on MetaTrader 4 XAUUSD Trading Software

1. Open a Gold Trading XAUUSD Trading Chart
2. Right Click on the Chart to open the Trade "Order" Window
3. On the Trade Order Window, Select Pending Gold Order as shown below
4. Select Pending order Type as Buy Stop or Sell Stop Gold Order as Shown below
5. After selecting Buy Stop Gold Order or Sell Stop XAUUSD Order - Click "Place" Order and specify the sell stop xauusd price level where the order will be opened

Steps to Setting Stop Gold Orders on MT4