What is the Difference between Sell Stop Pending Gold Order & Buy Limit Pending Gold Order?
What is Sell Stop Pending Gold Order?
What Does Sell Stop Pending Gold Order Mean?
A Sell Stop Pending XAUUSD Order is an order to sell a xauusd after the price rises to the set sell stop gold price level.
The sell stop order is always set to sell below the existing market gold prices.
What is Sell Stop Pending XAUUSD Order Example?
In the examples shown below a sell stop pending order was placed to sell at a level below the current market gold price.
The gold price of the xauusd then went down to hit the sell stop order, & afterwards gold price continued to move downwards.
Setting Sell Stop Pending XAUUSD Order below Resistance Level - What is Sell Stop Pending Gold Order?
Sell stop pending order is also used to set pending xauusd order when there is a consolidation pattern on a xauusd chart. The Sell stop order is used to set a sell order just below the consolidation pattern as illustrated and shown below so that if there is a gold price break-out downward after the consolidation chart pattern then a new sell order is opened - by sell stop order once the sell stop gold price set is reached.
Setting Sell Stop Pending Gold Order in a XAUUSD Break-out - Sell Stop Pending XAUUSD Order Meaning and Example
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 break-out after a market consolidation pattern on the second sell stop pending order example.
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
