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Gold Indicators for Setting Stop losses in Gold Trading

Some gold indicators are used for setting stop losses taking away the need for xauusd traders to perform complex calculations on where to place these stop loss gold orders.

A gold trading systems trader can also place a stop loss gold order according to these xauusd indicators. Some gold indicators use mathematical equations to calculate where the order stop loss gold order should be set so as to provide an optimal exit. These gold indicators can be used as the basis for setting stop loss gold orders. These gold indicators follow xauusd price action of a gold trading instrument closely and define the boundaries which the gold prices should move along in. When the xauusd price moves outside these boundaries it is therefore best to close the open xauusd trades because xauusd price stops moving in that particular direction.

Some of the Technical gold indicators that can be used to set stop loss gold orders are:

Parabolic SAR XAUUSD Indicator

Parabolic SAR is like an Automatic Stop Loss Gold Order and Take Profit Gold Order Indicator used to set a trailing xauusd price stop loss

The Parabolic SAR provides excellent exit points.

In an upward gold trend, you should close long positions when the xauusd price falls below the Parabolic SAR gold indicator

In a downward gold trend, you should close short positions when the xauusd price rises above the Parabolic SAR.

If you are long then the xauusd price is above the parabolic SAR, the SAR will move up every day, regardless of the direction in which the xauusd price is moving. The amount the Parabolic SAR indicator moves up depends on the amount that gold prices moves.

Parabolic SAR Setting Stoploss XAUUSD Indicator - Technical Gold Indicators Used for Setting Stop Loss Orders - Where to Set Stop Orders on Gold Charts

Parabolic SAR - XAUUSD Indicator - Automatic Stop Loss Gold Order and Take Profit Gold Order Indicator

Picture of parabolic SAR and how it is used

Bollinger Bands XAUUSD Indicator

Bollinger bands indicator use standard deviation as a measure of volatility. Since standard deviation is a measure of volatility, the Bollinger bands are self-adjusting meaning they widen during periods of higher volatility and contract during periods of lower volatility.

Bollinger Bands gold indicator consist of 3 bands designed to encompass the majority of a gold trading instruments xauusd price action. The middle band is a basis for the intermediate term gold trend, typically it is a 20-period simple moving average, which also serves as the base for the upper and lower bands. The upper band's and lower band's distance from the middle band is determined by volatility.

Since these Bollinger bands are used to encompass the gold price action, the bands can be used to set stop losses just outside the area of the bands.

Bollinger Bands Stop Loss XAUUSD Order Setting XAUUSD Indicator - XAU Indicators Used for Setting Stop Loss Orders

Bollinger Bands Setting Stop Loss Gold Order Level - Bollinger Bands Gold Technical indicator

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Fibonacci Retracement Levels Indicator

Fibonacci retracement levels provide areas of support and resistance, these areas can be used to set stop loss levels.

Fibonacci Retracement level 61.8 % is the most commonly used level for setting stop losses. A stop loss gold order should be set just below 61.8 % Fibonacci retracement level

The 61.8 % Fibonacci retracement level is used to set these orders since its rarely hit.

Fibonacci Indicator Stop Loss XAUUSD Order Setting at 61.8 % Fibonacci Retracement Levels Level - XAU/USD Indicators Used for Setting Stop Loss Orders

Fibonacci Indicator Stop Loss Gold Order Setting at 61.8 % Retracement Level

Fibonacci retracement level 61.8% - Fibonacci Gold Indicator

Support and Resistance Levels Lines

Support and resistance levels can be used to set stop loss levels where the stop loss gold orders are set just above or below the support or resistance.

  • Buy Gold Trade - Stop Loss Gold Order set a few pips below the support

Stop Loss XAUUSD Order Set a Few XAUUSD Trading Pips Below The Support - XAU USD Technical Indicators Used for Settings Stop Loss Trading Orders

Buy Gold Trade - Stop Loss Gold Order set a few pips below the support

  • Sell Gold Trade - Stop Loss Gold Order set a few pips above the resistance

Stop Loss XAU USD Order Set Few XAU USD Trading Pips Above The Resistance - XAUUSD Indicators Used for Setting Stop Loss Orders - Where to Set Stop Orders on XAU USD Charts

Sell Gold Trade - Stop Loss Gold Order set a few pips above the resistance

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