Buy Stop Gold Order Definition and Examples

What Does Buy Stop XAUUSD Order Mean?

A Buy Stop Gold Order is an order to buy gold after the price rises to the set buy stop xauusd price level.

The buy stop order is always set to buy above the existing market xauusd prices.

What is a Buy Stop Gold Order Example?

In the examples below a buy stop order was placed to buy at a level above the current market xauusd price.

The xauusd price of the gold trading instrument then went up to hit the buy stop order, and afterwards xauusd price continued to move upward.

Setting Buy Stop Gold Order above Resistance Level - What is a Buy Stop Gold Order?

The buy stop order is also used to set a pending gold order when there is a consolidation chart pattern on a xauusd chart. The Buy stop order is used to set a buy order just above the consolidation chart pattern as shown below so that if there is a xauusd price breakout upwards after the consolidation chart pattern then a new buy order is opened - by the buy stop order once the buy stop xauusd price set is reached.

Setting Buy Stop Gold Order in a Gold Trading Breakout

A Buy trade was generated from the above buy stop order when the price broke a resistance level in the first example and when there was an upward xauusd price breakout after a market consolidation chart pattern on the second buy stop order example.