Pip: Meaning in Gold Trading
The standard unit of a price move. On gold most brokers count 1 pip = $0.10; some count $0.01 as a point.
I wrote this guide based on how I actually trade gold. No theory — just what works after 10 years.
Key takeaways
- Pip value calculator · How much is 1 pip in gold · ...
Pip: The standard unit of a price move. On gold most brokers count 1 pip = $0.10; some count $0.01 as a point.
There is no single official pip for gold, which causes confusion. Most retail brokers quote gold to two decimals and call $0.10 one pip and $0.01 one point. Some traders and EAs call $1 a "pip".
Avoid the confusion by thinking in dollars: a $1 move is $100 per standard lot.
Example: gold moves from 4,100.00 to 4,101.50: that's 15 pips at $10 per pip per lot = $150 per lot.
Related
I don't predict. I prepare. Every trade I share here is placed with real money, in real time. No indicators, no noise — just price action and experience.
— Happy trading, Lin
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