How Do I Interpret the Difference between Sell Stop XAUUSD Order & Buy Stop XAUUSD Order?

How to Analyze the Difference between Sell Stop XAUUSD Order & Buy Stop XAUUSD Order

What Does Sell Stop XAUUSD Order Mean?

A Sell Stop XAUUSD Order is an order to sell xauusd after the price rises to the set sell stop gold price region.

The sell stop order is always set to sell below the existing market gold prices.

Sell Stop Gold Order

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

The gold price of the xauusd instrument then went down to hit the sell stop pending order, & afterwards gold price continued to move in a downwards direction.

Setting Sell Stop XAUUSD Order below Resistance Level - What is Sell Stop XAUUSD Order?

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

Setting Sell Stop XAUUSD Order in a XAUUSD Break-out - Sell Stop XAUUSD Order Definition & XAUUSD Examples

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

What is Buy Stop XAUUSD Order?

What Does Buy Stop Gold Order Mean?

A Buy Stop XAUUSD Order is an order to buy xauusd after the price rises to the set buy stop gold price region.

Buy stop pending order is always set to buy above existing market gold prices.

What's Buy Stop XAUUSD Order Example?

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

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

Setting Buy Stop XAUUSD Order above Resistance Level - What is Buy Stop XAUUSD Order?

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

Setting Buy Stop XAUUSD Order in a XAUUSD Break-Out - Buy Stop XAUUSD Order Definition & XAUUSD Examples

A Buy trade was generated from the above buy stop order when price broke a resistance level in first examples & when there was an upward gold price breakout after a xauusd market consolidation pattern on the second buy stop pending order example.

Read the Difference between Sell Stop XAUUSD Order & Buy Stop XAUUSD Order