Gold profit calculator for XAUUSD

Worked example

You buy 0.1 lots of gold at $4,000 and close at $4,025. With a 100 ounce contract, 0.1 lots is 10 ounces, so every $1 the price moves is worth $10 to you. The $25 move makes 10 × $25 = $250.

In pips it depends on your broker. Count 0.01 as one pip and the move is 2,500 pips at $0.10 each on 0.1 lots. Count 0.10 as one pip and it is 250 pips at $1 each. Both come to $250.

Sell instead and the same move loses $250. If your broker charges $7 a lot in commission, 0.1 lots pays $0.70 and the profit is $249.30.

The formula

Profit or loss = (exit − entry) × lots × contract size, turned around for a sell, minus commission × lots. Ounces = lots × contract size. Pips = (exit − entry) ÷ pip. Pip value at this size = pip × ounces.

Most brokers use 100 ounces for one standard lot of XAUUSD, so 0.01 lots is 1 ounce and each $1 move is worth $1. Check the contract specification on your platform, because some use other sizes. To pick the lot size from what you are willing to lose, use the gold lot size calculator.

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Questions and answers

How do I calculate profit on gold?

Take the price move, then multiply by your lots and by the contract size. Buying 0.1 lots at $4,000 and selling at $4,025 is $25 × 0.1 × 100 = $250.

How much is a $1 move in gold per lot?

$100 on one standard lot of 100 ounces, $10 on 0.1 lots and $1 on 0.01 lots.

How much profit is 100 pips on gold?

It depends on what your broker calls a pip. With a 0.01 pip, 100 pips is a $1 move: $100 on one lot and $1 on 0.01 lots. With a 0.10 pip, 100 pips is a $10 move: $1,000 on one lot and $10 on 0.01 lots.

Is the spread included?

Type the prices you really trade at and it is: you buy at the ask and sell at the bid. Commission has its own box, and swap on positions held overnight is not counted.

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