What is Difference between Sell Stop Gold Order & Buy Stop Gold Order?

What's Sell Stop XAUUSD Order?

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.

What's Sell Stop XAUUSD 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.

What's Buy Stop Gold Order?

What Does Buy Stop XAUUSD Order Mean?

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

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

What is Buy Stop Gold Order Example?

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

The xauusd trading price of the gold trading instrument then went up to hit the buy stop pending order, & afterward xauusd price continued to move upwards.

Setting Buy Stop Gold Order above Resistance Level - What's Buy Stop Gold Order?

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

Setting Buy Stop Gold Order in a Gold Trading Break out

A Buy trade was generated from the above buy stop order when the price broke a resistance area in the first examples and when there was an upwards xauusd price break-out after a market consolidation pattern on the second buy stop order example.