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.
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- 144 Trading Systems EURUSD , GBPUSD , USDJPY and XAUUSD TA – July 1 EURUSD Daily Analysis EURUSD (1.109): EURUSD formed an
- 164 Trading Systems EURUSD , GBPUSD , USDJPY and XAUUSD TA – June 30 EURUSD Daily Analysis EURUSD (1.11): EURUSD has been
- 143 Forecasts EURUSD , GBPUSD , USDJPY and XAUUSD TA – June 29 EURUSD Daily Analysis EURUSD (1.106): EURUSD has
- 138 Trading Systems EURUSD , GBPUSD , USDJPY and XAUUSD TA – June 28 EURUSD Daily Analysis EURUSD (1.105): EURUSD formed a
- 142 Trading Systems EURUSD , GBPUSD , USDJPY and XAUUSD TA – June 23 EURUSD Daily Analysis EURUSD (1.133): EURUSD has
- 172 Trading Systems EURUSD , GBPUSD , USDJPY and XAUUSD TA – June 21 EURUSD Daily Analysis URUSD (1.133): EURUSD closed
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121
Analytics & Forecasts
Technical Analysis XAUUSD : 2016-05-27
27 May 2016 #xauusd, technical analysis
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510
Analytics & Forecasts
XAU/USD: Correction is Possible Amid Profit Taking in
20 May 2016 #xauusd, correction is possible