xauusd
Gold is traded against both the US dollar and Euro, and is traded in a similar way to any other currency pairs.
Buying the XAU/USD pair means the trader is going long gold and simultaneously selling the dollar. The price of the pair reflects the value of the metal in terms of the US dollar.
The XAU/USD pair represents the price of 1 troy ounce of gold. As the value of gold increases in relative to the US dollar, the price of the pair appreciates to reflect the increase in valuation of the metal and the decrease in the dollar.
On the contrary, if the price of gold declines, fewer US dollars will be necessary to purchase an ounce of gold, and therefore the price of the pair will decrease.
- 119 Analytics & Forecasts Gold going to 1077 - Week, 750 - Year, 1090 - later
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1 867
Analytics & Forecasts
GOLD (XAU/USD) Technical Analysis 2015, 27.09 - 04.10
28 September 2015 #xauusd, technical analysis
- 149 Analytics & Forecasts Gold going to 1077 - Week, 750 - Year, 1090 - later
- 3 035 Analytics & Forecasts GOLD: End Of Week Technicals - possible bullish
- 127 Analytics & Forecasts Gold going to 1011 - Week, 934 - Year, 1534 - later
- 144 Analytics & Forecasts Gold going to 1011 - Week, 934 - Year, 1534 - later
- 105 Analytics & Forecasts Gold going to 1011 - Week, 934 - Year, 1534 - later
- 182 Analytics & Forecasts Gold going to 1011 - Week, 934 - Year, 1534 - later
- 155 Analytics & Forecasts Gold going to 1011 - Week, 934 - Year, 1534 - later
- 160 Analytics & Forecasts Gold going to 1011? - Week, 500 - Year, 1500 - later
- 160 Analytics & Forecasts Gold going to 1011? - Week, 500 - Year, 1500 - later
- 242 Analytics & Forecasts Gold going to 1011? - Week, 500 - Year, 1500 - later
- 131 Analytics & Forecasts Gold going to 1072 - Week, 500 - Year, 1500 - later
- 164 Analytics & Forecasts Gold going to 1097 - Week, 500 - Year, 1500 - later
- 130 Analytics & Forecasts Gold going to 1168 - Week, 1500 - Year, 500 - later
- 178 Analytics & Forecasts Gold going to 1168 - Week, 1500 - Year, 500 - later
- 163 Analytics & Forecasts Gold going to 1097? - Week, 1500 - Year, 500 - later
- 129 Analytics & Forecasts Gold going to 1210? - Week, 1500 - Year, 500 - later
- 248 Analytics & Forecasts Gold going to 1168 - Week, 1500 - Year, 500 - later