What are MT4 Pending Gold Orders?

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

These are Limit orders & Stop orders as described below:

Limit Gold Orders on MetaTrader 4 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 Choose 'New' Order Option on Popup widow that appears
4. Then on trade setup pop up window panel that pops up (illustrated below), under label 'Type' select the option of "Pending XAUUSD Order" instead of 'market execution' trade order
5. Under the pending xauusd order options select the pending gold order type: for This trade choose "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 in MT4?

Stop Gold Orders on MetaTrader 4 Software

1. Open a Gold Trading XAUUSD Trading Chart
2. Right Click on Chart to open the Trade 'Order' Window Panel
3. On the Trade Order Panel, 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 & specify the sell stop xauusd price level where the order will be opened

Steps to Setting Stop Gold Orders on MT4