What is a Sell Stop XAUUSD Order and Sell Limit Gold Order?
What is the Difference between Sell Limit Gold Order and sell Stop?
What Does Sell Stop Gold Order Mean?
A Sell Stop Gold Order is an order to sell gold after the xauusd trading price rises to the set sell stop xauusd trading price zone.
The sell stop order is always set to sell below the existing market xauusd prices.
Sell Stop XAUUSD Order
In the examples below a sell stop order was placed to sell at a level below the current market xauusd trading price.
The xauusd trading price of the gold trading instrument then went down to hit the sell stop order, and afterwards xauusd trading price continued to move in a downward direction.
Setting Sell Stop Gold Order below Resistance Level - What is a Sell Stop Gold Order?
The sell stop order is also used to set a pending gold order when there is a consolidation chart pattern on a xauusd chart. The Sell stop order is used to set a sell order just below the consolidation chart pattern as shown below so that if there is a xauusd trading price breakout downwards after the consolidation chart pattern then a new sell order is opened - by the sell stop order once the sell stop xauusd trading price set is reached.
Setting Sell Stop Gold Order in a Gold Trading Breakout
A Sell trade was generated from the above sell stop order when the price broke a support level in the first example and when there was a downward xauusd trading price breakout after a market consolidation chart pattern on the second sell stop order example.
What Does Sell Limit Gold Order Mean?
Sell Limit Gold Order definition - Entry sell limit is an order to sell gold at a certain xauusd trading price which is a retracement level where xauusd trading price is predicted to pullback to before resuming the original Gold trend.
Traders use sell limit orders to sell at better market price. These types of sell limit orders are available in most online trading platforms, for our example we will use the MT4 platform.
An entry sell limit order of this type can be used to sell above the xauusd market level (retracement pullback in a down gold market trend).
Sell limit - When selling, your entry sell limit is executed when the xauusd market rises to your set xauusd trading price. ( price retraces up )
Entry orders are placed by traders when they expect xauusd price to pullback downward after reaching this zone.
- Entry Sell Limit Gold Ordersell at a level above the current market level.
Sell Limit XAUUSD Order
In the xauusd trading example illustrated and explained below a the sell limit order was placed to sell at a xauusd trading price above the current market xauusd trading price. This is the level for the xauusd trading price retracement.
Sell Limit Gold Order Placed to Sell above the Current Market Gold Price - What is a Sell Limit Gold Order
