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Learn Gold Trading for Beginners Tutorials

How to Place a Pending Gold Order in MetaTrader 4 XAUUSD Trading Platform

These are xauusd orders to buy above the xauusd market or to sell below the xauusd market.



  • Buy Stop XAUUSD Order
    An order to buy at a level above the gold price.


  • Sell Stop XAUUSD Order
    An order to sell at a level below the gold price.


How to Place a Pending XAUUSD Order in MetaTrader 4 XAUUSD Trading Platform - Entry Stop Gold Orders: Buy Stop Gold Order and Sell Stop Gold Order - Gold Trading Stop Orders Explained

Buy Entry and Sell Entry XAUUSD Orders



These xauusd orders are also known as pending xauusd orders. These pending xauusd orders are used by xauusd traders wanting to trade a setup like the consolidation xauusd chart pattern but they do not want to wait and watch the xauusd prices all day long until there is a xauusd price breakout. Therefore, xauusd traders will set these pending xauusd orders above and below the gold price and a xauusd price breakout in any of these direction will execute one of these pending xauusd orders and a buy xauusd trade or a sell xauusd trade will automatically be opened.


Buy Stop XAUUSD Order

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


The gold price then went up to hit the buy stop xauusd order, and afterwards gold price continued to move upwards.

How to Set Buy Stop Gold Order above Resistance Level - Entry Stop XAUUSD Orders: Buy Stop XAUUSD Order and Sell Stop XAUUSD Order - How to Use Stop Orders in XAUUSD Trading Explained

Setting Buy Stop XAUUSD Order above Resistance Level - How to Place a Pending XAUUSD Order Buy Stop Gold Order on MetaTrader 4 XAUUSD Trading Platform


How to Set Buy Stop XAUUSD Order in a Gold Trading Breakout - Entry Stop XAUUSD Orders: Buy Stop XAUUSD Order and Sell Stop XAUUSD Order - How to Use Stop Orders in XAUUSD Trading Explained

Setting Buy Stop Gold Order in a XAUUSD Trading Breakout - How to Place a Pending XAUUSD Order Buy Stop Gold Order on MT4 XAUUSD Trading Platform


A Buy xauusd trade was generated from the above order when the gold price broke a resistance line in the first example and when there was an upward gold price breakout after a market consolidation pattern.



Sell Stop XAUUSD Order

In the xauusd example shown below a sell stop xauusd order was placed to sell at a level below the current market gold price.


The gold price then went down to hit the sell stop xauusd order, and afterwards the downwards gold price move continued

How to Set a Sell Stop Gold Order Below a Support Level - Entry Stop XAUUSD Orders: Buy Stop XAUUSD Order and Sell Stop XAUUSD Order - How to Use Stop Orders in XAUUSD Trading Explained

Setting a Sell Stop XAUUSD Order Below a Support Level


Sell Stop Gold Order Set in a Gold Trading Breakout - Entry Stop XAUUSD Orders: Buy Stop XAUUSD Order and Sell Stop XAUUSD Order - How to Use Stop Orders in XAUUSD Trading Explained

Pending Sell Order Set in a XAUUSD Price Breakout


A Sell xauusd trade was generated from the above sell stop xauusd order after support line is broken after a consolidation xauusd chart pattern.



How to differentiate between stop xauusd orders and limit xauusd orders

It is easier to first of all remember one concept. The easier concept is that of Stop XAUUSD Orders are set above and below the xauusd price.


In the mean time Download MetaTrader 4 platform and practice setting these orders on a Practice Demo Account.


Setting Buy and Sell Stop Gold Orders on MT4 XAUUSD Trading Platform

Open a Trading Chart, Right Click on the xauusd Chart, Select New Order, then Follow the steps below

Step1: Select Pending order as shown below

Step2: Select Pending order Menu as Show below

Step3: Select Buy Stop XAUUSD Order or Sell Stop Gold Order

Step4: Click "Place" Order

Setting Buy Stop XAUUSD Order and Sell Stop XAUUSD Orders on MetaTrader 4 XAUUSD Trading Platform - Entry Stop Gold Orders: Buy Stop Gold Order and Sell Stop Gold Order - Gold Trading Stop Orders Explained

Steps to Setting These Pending Gold Orders on MetaTrader 4 XAUUSD Trading Platform - How to Place a Pending Gold Order in MetaTrader 4 XAUUSD Trading Platform


 

Metals Trading Symbols

Precious Metal Symbols:
Gold - XAU USD and XAU EUR, Silver - XAG USD and XAG EUR, Platinum - XPT USD, Palladium - XPD USD

Metal Symbols:
Copper - XCU USD, Zinc - XZN USD, Lead - XPB USD, Nickel - XNI USD, Aluminium - XAL USD