Sell Limit XAUUSD Order Meaning and Examples
A sell limit pending order is an order to sell a gold at a better price after gold price has retraced upward from its current zone.
A sell limit order is an order to sell after the xauusd market retraces upwards within a downwards trend.
A sell limit is only executed when the prices moves upwards & retraces to the set sell limit zone.
Entry Limit XAUUSD Orders: Sell Entry Limit
Sell Limit XAUUSD Order definition - Entry sell limit is an order to sell a gold 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 sell limit orders to sell at better market price. These types of sell limit orders are provided for in most of trading softwares, for our example we shall use MT4 trading software.
An entry sell limit pending order of this type can be used to sell above xauusd market level (retracement pullback in a down xauusd trend Gold market).
Sell limit - When selling, your entry sell limit is executed when the xauusd market rises to your set gold trading price. ( price retraces up )
Entry orders are placed by traders when they expect gold price to pullback downwards after reaching this zone.
- Entry Sell Limit XAUUSD Ordersell at a level above the current market price.
Sell Limit Gold Order
In the xauusd examples displayed below a the sell limit order was placed to sell at a gold price above the current market gold price. This is the level for the gold trading price retracement.
Sell Limit XAUUSD Order Placed to Sell above the Current Market XAUUSD Price
The xauusd then rallied, went up to hit the sell entry limit, and afterwards gold trading price continued to move downward in the direction of the original Gold downwards trend.
XAUUSD Price Hits Sell Limit Gold Order - Order now Changes to a Sell order
When gold trading price hit the set sell limit pending order level the sell limit pending order changed in to a sell order, this is therefore a good technique to sell at a better gold price after a price retracement.
