How to Use Limit XAUUSD Orders: Buy Limit XAUUSD Order vs Sell Limit XAUUSD Order

Limit order definition - Entry limit is an order to buy or sell a XAUUSD Trading at a certain gold price which is a retracement level where gold price is predicted to pullback to before resuming the original XAUUSD trend. Traders use limit xauusd orders to buy or sell at better market price. Buy Limit XAUUSD Order vs Sell Limit Gold Order - These types of limit xauusd orders are available in most online trading softwares, for our example we shall use the MetaTrader 4 trading software.

Buy Limit XAUUSD Order vs Sell Limit Gold Order - An entry order of this type can be used to buy below the xauusd market level (upward trend xauusd retracement) or sell above the xauusd market level (downward trend xauusd trading retracement).

Buy limit - When buying, your entry buy limit is executed when the xauusd market falls to your set gold price. (retraces down) - buy limit order below market gold price

Sell limit - When selling, your entry sell limit is executed when the xauusd market rises to your set gold price. (retraces up) - sell limit order above market gold price

Entry orders are placed by traders when they expect gold price to bounce back after reaching this level.

• Buy Limit XAUUSD Order Order buy at a level below the current market price.

• Sell Limit XAUUSD Order Order sell at a level above the current market price.

Buy Limit Gold Order Example

In the buy limit order example shown below, the buy limit order was placed to buy at a gold price below the current gold price. Chart Point B is the point at which it was set.

Buy Limit XAUUSD Order Example - How to Use Limit Buy Orders - Limit XAUUSD Order Buy Example - XAUUSD Trading Limit Order Trading Strategy

The gold price then retraced and went down to hit the buy limit order, & afterwards the gold price continued to move upward in the direction of the original XAUUSD upwards trend. When the limit buy order was hit it changed to a buy order - How to Use Limit Buy Orders.

XAUUSD Price Hits Buy Limit XAUUSD Order, Limit Buy Order Now Changes to a Buy - How to Use Buy Limit XAUUSD Orders

Sell Limit XAUUSD Order Example

In the sell limit order examples displayed below a the sell limit order was placed to sell at a gold price above the current gold price. This is the level for the gold price retracement.

Sell Limit XAUUSD Order Example - How to Use Limit Sell Orders - Limit XAUUSD Order Sell - XAUUSD Trading Limit Order Trading Strategy

The gold price then rallied, went up to hit the sell limit order, & afterwards the gold price continued to move downward in the direction of the original gold trading downward trend.

XAUUSD Price Hits Sell Limit XAUUSD Order, Sell Limit XAUUSD Order Now Changes to a Sell - How to Use Sell Limit XAUUSD Orders

When the gold price hit the set sell limit order level the order changed to a sell, this is therefore a good method to sell at a better gold price after a retracement.

Setting Limit Buy Gold Trading Order & Limit Sell XAUUSD Order on MetaTrader 4 Platform

How to Use Limit Gold Orders - to set up these xauusd trading limit orders in MT4 platform, Right click on XAUUSD Trading chart>>> Select 'Trading">>> Then Select "New'>>> Then on popup window that appears (illustrated and shown below), under label "Type" select option of "pending" instead of "market execution">>> Under the pending xauusd order options select the pending xauusd order type: for This gold trading example choose either 'Buy Limit XAUUSD Order" or "Sell Limit Gold Order" depending on whether you want to place a pending buy limit order or a pending sell limit order.

How to Use Limit Gold Orders - Setting XAUUSD Trading Limit Order Buy and XAUUSD Trading Limit Order Sell on MT4

Sometimes, setting the point value to place your limit xauusd order can be calculated using a number of technique, setting a limit xauusd order too far may mean your entry limit xauusd order not getting executed, the best xauusd tool and xauusd technique to use is Fibonacci retracement indicator and use the 38.2 % Fibonacci retracement levels. This fibonacci retracement level is used by many traders and entry limit xauusd orders tend to crowd at this Fibonacci retracement level, therefore the best xauusd trading strategy to place a xauusd trade would be to use the 38.2% Fibonacci retracement level. Fibonacci Retracement Tutorial for Setting XAUUSD Trading Limit Orders - Fibonacci Retracement Tutorial