Markets · Intermediate

Gold Trading

How XAUUSD works, what moves gold and how to handle its volatility.

4 lessons 11 min
Lesson 01

Gold as a market

XAUUSD is the price of one ounce of gold in US dollars. It is one of the most actively traded instruments thanks to its liquidity and strong intraday movement.

Lesson 02

What moves gold

Gold often reacts to US dollar strength, real interest rates, inflation expectations and risk sentiment. In uncertain times it is frequently treated as a safe haven.

Lesson 03

Volatility and sizing

Gold can move sharply within minutes, especially around US data. Stops usually need more room than on major pairs, so position size must shrink to keep risk the same.

Lesson 04

Contract sizes

Many brokers define one lot of gold as 100 ounces, but pip definitions vary. Check your broker's contract specification before calculating pip value.

Key takeaways

  • Gold often moves against the US dollar.
  • Wider stops mean smaller positions.
  • Always check your broker's contract spec.
Practise with

Pip Calculator

Value of one pip for any lot size.

Open tool

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