About GC
GC is 100 troy ounces of gold: every $0.10 tick is worth $10 and a $1 move is $100 per contract. It mirrors spot gold with a small financing difference.
US data, Fed decisions and the London and New York opens.
How to size a GC position
Position size = risk in dollars ÷ (stop distance × value per unit). Example on a $100,000 account risking 1% ($1,000) with a 2 points stop: 5 contracts, which risks about $1,000.
The order panel has a built-in risk calculator: enter your % risk and your stop loss and it sizes the position for you.
Which challenge to trade GC?
Futures challenge: one evaluation with a 6% target, a trailing drawdown and a maximum number of contracts.
GC trading hours
CME Globex: Sunday 23:00 to Friday 22:00 UTC, with a daily maintenance break 22:00–23:00 UTC.