Point: Meaning in Gold Trading
The smallest price step a platform shows. On a two-decimal gold quote, 1 point = $0.01.
I wrote this guide based on how I actually trade gold. No theory — just what works after 10 years.
Key takeaways
- Pip · MT5 contract specification
Point: The smallest price step a platform shows. On a two-decimal gold quote, 1 point = $0.01.
MT4 and MT5 measure stop distances, slippage settings and EA inputs in points. On XAUUSD quoted to two decimals, 100 points = $1.
If an EA asks for a "stop loss of 300", check whether it means 300 points ($3) or 300 pips ($30).
Example: 1 point on 1 lot = $0.01 × 100 oz = $1.
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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