Gold strategies: how do you trade XAU/USD?

Gold moves on real yields, the dollar and fear — and its dollar-per-ounce volatility dwarfs most currency pairs. Strategies built for EUR/USD don't transfer; gold demands its own sizing and stops.

Gold strategies: how do you trade XAU/USD? — risk-reward diagram
A risk-reward ratio of 1 to 2

What's your gold method?

  • the drivers you weight most
  • how you adjust position size for gold's range
  • the gold-specific mistake you made early
Gold strategies: how do you trade XAU/USD? — support and resistance diagram
Price bouncing between support and resistance

The gold guide maps the drivers, and the XAU/USD page has the live chart.

Background: What moves the gold price? Real rates, the dollar and safe-haven demand

Gold pays no interest and has no earnings, so its price responds to a different set of forces than currencies or shares. The main drivers behind XAU/USD.

Why does gold fall when interest rates rise?

Gold pays no interest. When real yields on cash and bonds rise, holding gold means giving up more income, so demand tends to fall.

Is gold a safe-haven asset?

It is widely used as one. Investors tend to buy gold during geopolitical or financial stress, although it can still fall sharply, especially when interest rates rise.

Read the full guide

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