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Traders Trust

Gold vs US Dollar

Gold vs US Dollar (XAUUSD)

XAUUSD is the ticker symbol for the exchange rate between gold XAU and the US Dollar USD. It represents the price of one troy ounce of gold in US dollars.

-.-- -.--%
Annual change
-.--%
All time High / Low
1046.35 / 2790.06
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
2705.78
High
2715.95

XAUUSD Contract Specifications

  • Spreads mínimos: : 0
  • Tamaño del contrato por lote: : 100
  • Tipo de Swap: Puntos
  • Swap Largo: -54.95
  • Swap Corto: 20.92
  • Margen Grupo: FX Mayores
  • Margen Divisa: USD
  • Tamaño del tick: 0
  • Plataforma de negociación: MetaTrader 4
  • Volumen mínimo: 0.01
  • Volumen máximo: 0
  • Horario de negociación EET: 00:00 - 23:59 Lun - Vie
  • Margen cubierto: 1
  • Days Swap: FX miércoles, Metales-Indices-Petróleo viernes

History of XAUUSD

The history of XAUUSD dates back to the early 1970s when the US dollar was decoupled from the gold standard. Before this, the value of the US dollar was directly linked to the price of gold. This detachment led to the establishment of a floating exchange rate system, allowing the price of gold to be determined by supply and demand factors in the market. Over the years, the XAUUSD pair has experienced significant volatility, influenced by various economic and geopolitical events. It is regarded as a popular currency pair for traders and investors looking to diversify their portfolios and hedge against inflation or economic uncertainties.

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Frequently Asked Questions

XAUUSD is a currency pair that represents the exchange rate between gold XAU and the US dollar USD. The XAU stands for the chemical symbol for gold, while USD denotes the US dollar. The XAUUSD exchange rate indicates the amount of US dollars required to purchase one troy ounce of gold. This currency pair is commonly traded in the forex market and is monitored by traders and investors as an indicator of the value and strength of gold relative to the US dollar. Fluctuations in the XAUUSD rate are influenced by a variety of factors such as global economic conditions, geopolitical events, and market sentiment towards gold and the US dollar.

To trade the XAUUSD pair, you need to open an account with a reputable forex broker that offers this currency pair. Once your account is set up, you can access the broker’s trading platform and place trades on the XAUUSD pair. The most common way to trade this pair is through forex spot trading, where you buy or sell the pair at the current market price. You can also engage in derivative trading, such as trading XAUUSD contracts for difference (CFDs) or futures. It is important to conduct thorough research, consider risk management strategies, and stay updated on market news and analysis before executing trades on the XAUUSD pair.

The trading hours for XAUUSD can be found here

There are several popular trading strategies that traders use when trading the XAUUSD pair. One common strategy is trend following, where traders identify and follow the prevailing trend in the market, either buying or selling based on the direction of the trend. Another strategy is range trading, where traders identify price ranges or support and resistance levels and trade within those boundaries. Breakout trading is another strategy, where traders wait for a significant breakout above or below a key level and enter trades in the direction of the breakout. Additionally, fundamental analysis can be applied to the XAUUSD pair by considering economic indicators, geopolitical events, and central bank policies to make trading decisions. It is important for traders to develop their own trading plan and strategy based on their risk tolerance and trading style.

When trading the XAUUSD pair, there are several key factors to consider. First and foremost, keep an eye on the price of gold itself, as it can be influenced by factors such as supply and demand dynamics, central bank policies, and economic conditions. Pay attention to geopolitical events, as they can impact the value of gold as a safe-haven asset. Keep track of economic indicators and monetary policy decisions that may affect the US dollar, as changes in the strength or weakness of the dollar can impact the XAUUSD pair. Monitor market sentiment and investor risk appetite, as these factors can influence the demand for gold. Additionally, stay updated on market news, technical analysis, and trends to make informed trading decisions. It is crucial to conduct thorough research and use risk management strategies when trading the XAUUSD pair.