GOLDxxx Gold prices in Countries Today - Gold Trading Ideas




Meaning of terms :
▷ BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
▷ BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
▷ SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
▷ SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price.  (When price moves below the entry price level.)


GOLDxxx Gold prices in Countries Today - Gold Trading Ideas

Gold (XAU) :
XAU refers to the ISO 4217 standard code for one troy ounce of gold.

1 troy ounce (oz t) = 31.1034768 grams.

XAU (99.99 percent pure gold = 24K gold) : 24k gold means that all 24 parts in the gold are all pure gold without traces of any other metals.

Used throughout the world as real money. World consumption of gold: about 50% in jewelry, 40% in investments, and 10% in industry.