XAUUSD Explained: Everything You Need to Know
Complete breakdown of XAUUSD trading. Learn how gold is priced against the USD, pip values, contract sizes, and session behavior.
Most guides on this topic are written by people who have never traded real money. This one is different.
Key Takeaways
- ◆XAU comes from 'aurum', the Latin word for gold. If XAUUSD is trading at 1,950.50, it costs $1,950.50 to buy one ounc...
- ◆For XAUUSD, 1 pip = $0.01 in price movement:
- ◆STP/NDD: 0.3-0.6 pips
What XAUUSD Means
XAU is the ISO code for gold. USD is the US dollar. XAUUSD represents one troy ounce of gold priced in US dollars.
Contract Size and Pip Value
1 standard lot of XAUUSD = 100 troy ounces. Each pip is worth approximately $10 at 1 standard lot.
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