What is a Sell Stop Gold Order and Sell Limit Gold Order?
What is Difference between Sell Limit Gold Order and sell Stop? - What Does Sell Stop Gold Order and Sell Limit XAUUSD Order Mean
What Does Sell Stop XAUUSD Order Mean?
A Sell Stop XAUUSD Order is an order to sell a xauusd after the gold trading price rises to the set sell stop gold trading price zone.
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 pending order was placed to sell at a level below the current market gold trading price.
The gold trading price of the xauusd then went down to hit the sell stop order, & afterward gold price continued to move in a downward direction.
Setting Sell Stop XAUUSD Order below Resistance Level - What is a Sell Stop Gold Order?
The sell stop pending order is also used to set pending xauusd order when there's a consolidation chart pattern on a xauusd chart. Sell stop order is used to set sell order just below the consolidation chart pattern as illustrated & shown below so that if there is a gold trading price breakout downward after the consolidation pattern then a new sell order is opened - by sell stop pending order once the sell stop gold trading price set is reached.
Setting Sell Stop Gold Order in a XAUUSD Break-out - Sell Stop XAUUSD Order Definition and Examples
A Sell trade was generated from the above sell stop pending order when price broke a support level in the first example & when there was a downward gold price breakout after a market consolidation pattern on the second sell stop pending order example.
What Does Sell Limit XAUUSD Order Mean?
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 - What's a Sell Limit XAUUSD Order
