What is the Difference between Sell Limit Pending Gold Order & Buy Limit Pending Gold Order?
What is Sell Limit Pending XAUUSD Order?
A sell limit order is an order to sell a gold at a better price after gold price has retraced upwards from its current level.
A sell limit pending order is an order to sell after the xauusd market retraces upward within a downward trend.
A sell limit is only executed when prices moves upwards & retraces to the set sell limit level.
What is Sell Limit Pending Gold Order Example?
Sell Limit Pending 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 available in most of the trading platforms, for our example we shall use the MetaTrader 4 trading platform.
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 price. ( retraces up )
Entry orders are placed by traders when they expect gold price to pullback downward after reaching this level.
- Entry Sell Limit Pending XAUUSD Ordersell at a level above the current market price.
What is Sell Limit Pending XAUUSD Order Example?
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 price retracement.
Sell Limit Pending 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 price continued to move downward in the direction of the original Gold downward trend.
XAUUSD Price Hits Sell Limit Pending Gold Order - Order now Changes to a Sell order
When gold price hit the set sell limit 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 retracement.
What's Buy Limit Pending Gold Order?
A buy limit order is an order to buy a gold at a better price after gold price has retraced from its current level.
A buy limit pending order is an order to buy at a lower gold price than the current gold price
A buy limit is only executed when the prices falls and retraces to the set buy limit area.
Entry Limit Pending XAUUSD Orders: Buy Entry Limit Pending
Buy Limit Pending XAUUSD Order definition - Entry limit is an order to buy a XAUUSD 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 buy limit orders to buy at better market price. These types of buy limit orders are available in most of the trading platforms, for our example we shall use the MetaTrader 4 trading platform.
An entry buy limit pending order of this type can be used to buy below the xauusd market level (retracement in an up xauusd trend market).
Buy limit - When buying, your entry buy limit is executed when the xauusd market falls to your set gold price. ( retraces down )
Entry orders are placed by traders when they expect gold price to bounce back after reaching this level.
- Entry Buy Limit Pending XAUUSD Orderbuy at a level below the current market price.
What's Buy Limit Pending Gold Order Example?
In the xauusd example shown below, the buy limit order was placed to buy at a gold price below the current market gold price. Point Marked B is the point at which it was set.
Buy Limit Pending XAUUSD Order Placed to Buy Below the Current Market XAUUSD Price - What's Buy Limit Pending Gold Order?
The xauusd then retraced and went down to hit the buy entry limit, and afterwards gold price continued to move upward in the direction of the original XAUUSD upward trend. When the limit buy order was hit it changed in to a buy order.
XAUUSD Price Hits Buy Limit Pending Gold Order - Buy Limit Pending XAUUSD Orders Now Changes to a Buy Order
