About XAUUSD
Gold is the favourite instrument of many prop traders: strong trends, respected technical levels and large daily ranges. It moves inversely to real yields and the US dollar and rallies in periods of uncertainty.
The London open, the New York open and US data (CPI, NFP, FOMC) concentrate most of gold’s daily range.
How to size a XAUUSD position
Position size = risk in dollars ÷ (stop distance × value per unit). Example on a $100,000 account risking 1% ($1,000) with a $10 stop: 1 lots, 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 XAUUSD?
2-Step challenge (10% + 5% targets, 4% daily and 8% maximum loss) or the faster 1-Step challenge (one 10% target).
XAUUSD trading hours
Sunday to Friday, nearly 24 hours with a short daily break around 21:00–22:00 UTC.