Is Gold And Xauusd The Same Thing

Gold was the basis of economic capitalism for hundreds of years until the repeal of the gold standard which led to the expansion of a flat currency system in which paper money doesn t have an implied backing with any physical form of monetization.

Is gold and xauusd the same thing. What we have now is by far the best approach to the gold trade. You cannot call them up and ask them to send your gold to such and such an address. For example xau the symbol for gold quoted in euros eur would be xaueur on your mt4 platform.

You can t ring them up and request they s. Trading xau usd is similar but instead of a friend you would rely on the foreign exchange department of a bank as the intermediary. Exchange refers to a cross between gold and a currency as if it were a currency pair.

As time progressed gold exchange traded funds came which made trading more comfortable. One difference is the bank does not do it just for you but for multiple customers and their gold and the bank s is comingled in one account. When you buy anything via a forex broker there is no delivery expected.

That is an if and statement not a prediction. Gold traders traded gold in the same way stocks are sold in the forex market. This would give me 15 000 exposure to the price of gold but on margin and leave the majority of the money in my account that i could then invest elsewhere.

Same thing happens when you buy eurusd. If the dollar falls to 72 70 and gold acts the same way gold will be at well north of 2000. This is a personal journal only but not a trading suggestion.

Instead of calling gold analysis i would use the term of trading plan or trading journal to record my trades. 2020 12 03 no plan no trading entry reason. Gold price is widely followed in financial markets around the world.