What's Difference between Sell Stop Pending Gold Order & Buy Stop Pending Gold Order?

What is a Sell Stop Pending XAUUSD Order?

What Does Sell Stop Pending Gold Order Mean?

A Sell Stop Pending 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.

What is a 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 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 Pending XAUUSD Order below Resistance Level - What is a Sell Stop Pending 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 Pending Gold Order in a XAUUSD Break-out - Sell Stop Pending 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 is a Buy Stop Pending Gold Order?

What Does Buy Stop Pending XAUUSD Order Mean?

A Buy Stop Pending XAUUSD Order is an order to buy a xauusd after the gold price rises to the set buy stop gold trading price zone.

Buy stop pending order is always set to buy above existing market gold prices.

What is a Buy Stop Pending Gold Order Example?

In the examples shown below a buy stop pending order was placed to buy at a level above current market gold trading price.

The gold trading price of the xauusd then went up to hit the buy stop order, and afterward gold trading price continued to move upwards.

Setting Buy Stop Pending XAUUSD Order above Resistance Level - What is a Buy Stop Pending Gold Order?

The buy stop pending order is also used to set pending xauusd order when there's a consolidation chart pattern on a xauusd chart. The Buy stop pending order is used to set a buy order just above consolidation chart pattern as illustrated and shown below so that if there is a gold trading price break-out upwards after the consolidation pattern then a new buy order is opened - by the buy stop pending order once the buy stop gold trading price set is reached.

Setting Buy Stop Pending Gold Order in a XAUUSD Break-out - Buy Stop Pending XAUUSD Order Definition and Examples

A Buy trade was generated from the above buy stop order when price broke a resistance level in the first example & when there was an upward gold price breakout after a market consolidation pattern on the second buy stop pending order example.