Sell Stop Gold Order Definition & Examples

What Does Sell Stop XAUUSD 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.

What's Sell Stop Gold Order Example?

In the example explained and shown 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 pending order, & afterward xauusd price continued to move in a downward direction.

Setting Sell Stop Gold Order below Resistance Level - What's Sell Stop Gold Order?

The sell stop order is also used to set a pending gold order when there's a consolidation pattern on a xauusd chart. The Sell stop order is used to set a sell order just below the consolidation pattern as illustrated below so that if there is a xauusd trading price break out downward after the consolidation pattern then a new sell order is opened - by the sell stop pending order once the sell stop xauusd trading price set is reached.

Setting Sell Stop Gold Order in a Gold Trading Break out

A Sell trade was generated from the above sell stop pending order when the price broke a support level in the first example and when there was a downward xauusd price break-out after a market consolidation pattern on the second sell stop order example.