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XAUUSD (Gold) Calculator

Gold has the most confusing pip definition of any common instrument. This calculator handles both broker conventions cleanly.

Inputs

Check your broker's contract specs for "Pip Size" on XAUUSD.
Standard lot on gold = 100 troy ounces.

Result

Per pip value
$1.00
at 0.10 lots, 1 pip = 0.10
Distance to stop
15.00 / 150 pips
Loss if stop is hit
-$150.00
Distance to target
40.00 / 400 pips
Profit at target
+$400.00

Why XAUUSD pips are confusing

Gold is quoted with two decimals (e.g. 2,350.45). Most brokers define a "pip" as a 0.10 move (one tenth of a dollar per ounce), so going from 2350.00 to 2350.10 is one pip. Some brokers define a pip as 0.01 (one cent per ounce), meaning 2350.00 to 2350.01 is one pip. These differ by a factor of 10. If your broker uses the 0.01 definition, a 100-pip stop is only $1 of price movement. If it's the 0.10 definition, a 100-pip stop is $10 of price movement. Know which one your broker uses before sizing trades.

How to use this

Pick your broker's pip definition first - everything downstream depends on it. Then enter the lot size you're considering, your entry, and your stop. The calculator shows you both the price distance (in dollars per ounce) and the equivalent in pips. The dollar profit/loss is your real risk number.

Gold typically moves 15-40 dollars per session and 5-15 dollars during quiet windows. A reasonable swing-trading stop on H4 is often 15-25 dollars (150-250 pips at the 0.10 convention). Sizing a stop tighter than 5 dollars on H1 risks getting stopped out by normal noise.

Specialising in gold? See the XAUUSD Gold Specialization course →