What is the Difference between Sell Stop Gold Order and Buy Stop Gold Order?
What is a 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 is a Sell Stop XAUUSD Order Example?
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 is a 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 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 trading price.
The xauusd trading price of the gold trading instrument then went up to hit the buy stop order, and afterwards xauusd trading 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 trading 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 trading 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 trading price breakout after a market consolidation chart pattern on the second buy stop order example.
