What's Buy Stop XAUUSD Order & Sell Stop Gold Order?

Buy stop gold orders and Sell stop gold orders are gold orders used to buy above or below the current market xauusd trading price.

These gold orders are popularly used to trade when there's a consolidation pattern - placing a buy stop to buy above the consolidation chart pattern & placing a sell stop to sell below the consolidation chart pattern.

Buy Stop XAUUSD Order & Sell Stop Gold Order after a Consolidation Pattern

These stop gold orders are gold orders to buy above the xauusd market or to sell below the xauusd market.

• Buy Stop Gold OrderAn order to buy at a level above the current market xauusd trading price.

• Sell Stop Gold OrderAn order to sell at a level below the current market xauusd trading price.

What is Buy Stop XAUUSD Order & Sell Stop Gold Order?

These buy stop & sell stop pending orders are used by traders wanting to trade a set up like the consolidation chart pattern but they don't want to wait & watch the xauusd prices all day long until there's a xauusd price breakout.

Therefore, gold traders will set these pending buy stop orders and sell stop orders above & below current xauusd price & a xauusd trading price break out in any of these direction will execute one of these pending stop gold orders & a buy gold trade or a sell gold trade will automatically be opened.