Tools
Gold pip value: what one pip is actually worth
On XAUUSD a pip is not what most people think it is. Work it out for your size.
Gold pip value confuses more people than any other part of trading XAUUSD, and the
reason is simple: a pip on gold is not a pip on EURUSD. On gold, one pip is 0.10 of a
dollar in price. A 1.00 lot is 100 ounces. So one pip on a 1.00 lot is ten dollars, and
the price of gold has nothing to do with it.
Work out your gold pip value
What one pip is worth on your position
Nothing is sent anywhere. The maths runs in your browser.
The numbers that matter
| Lot size | Ounces | One pip | A 50 pip move | A 100 pip move |
|---|---|---|---|---|
| 0.01 (micro) | 1 | $0.10 | $5 | $10 |
| 0.10 (mini) | 10 | $1.00 | $50 | $100 |
| 0.33 | 33 | $3.30 | $165 | $330 |
| 1.00 (standard) | 100 | $10.00 | $500 | $1,000 |
Why gold pip value trips people up
Two things cause most of the confusion.
- Brokers quote gold differently. Some show 4380.25 and some show
4380.2. On a five digit feed, what looks like a pip on screen can be a tenth of one.
Check what a one point move does to your open profit and you will know which you are on. - Gold moves in hundreds of pips, not tens. A hundred pip day on
EURUSD is a big day. On gold it can happen in an hour. That is why position size matters
far more here than the entry does.
What this means for size
A 0.10 lot on gold moves a dollar per pip. If your stop is 40 pips away, that trade
risks forty dollars. Most people size from the lot they are used to on other pairs and
then wonder why one gold trade moves their account more than five EURUSD trades did.
Size from the stop, not from habit. The lot size calculator
does that part.
Free download
Gold Levels Cheat Sheet (PDF)
Order blocks, fair value gaps, PDH and PDL, and the session times in nine countries. Two pages, no email needed.
See gold pip value on the live chart
We run a live chart through every session with the levels marked on it, the zones shaded, and every order block and fair value gap labelled as it forms. Watch the live chart.
Every trade we close is published in pips on the results page, wins and losses both, with the date it closed and how far it ran. What your spread and commission take out of that is on the cost calculator.
Related: gold pip value · lot size calculator · break even stop · smart money concepts · trading hours · order block · fair value gap · PDH and PDL
Education only, not financial advice. Trading gold carries a high level of risk and past results do not predict future results.