XAU/USD GOLD Trading Strategy Today : Spot Gold 1 oz price forecast and trade ideas, CME COMEX: GC

Charts are set to GMT+2, that coincides with the New York closing time, 5pm EST.

The above may be helpful for Position traders. The goal is to profit from the move in the primary trend rather than the daily short-term fluctuations. For Reference Only.

Spot Gold (XAUUSD)
XAU refers to the ISO 4217 standard code for One troy ounce of gold. Used throughout the world as real money. World consumption of gold: about 50% in jewelry, 40% in investments, and 10% in industry.

CME Gold Futures Contract Specs, CME COMEX: GC
Product Code : CME Globex: GC, Contract Unit : 100 troy ounces, Price Quotation : U.S. Dollars and Cents per troy ounce, Minimum Price Fluctuation : $0.10 per troy ounce, Settlement Method : Deliverable, Grade And Quality : Gold delivered under this contract shall assay to a minimum of 995 fineness.