Why Accurate Lot Size Calculation is Critical for XAUUSD (Gold)
Gold is one of the most liquid yet volatile assets in financial markets. In standard broker specifications, 1 standard lot of Gold equals 100 troy ounces. A $1.00 move in gold price equals 10 pips, representing a $100 change in value per standard lot.
Managing Prop Firm Limits on Gold
Because Gold experiences sharp price movements, risking a fixed lot size without proper calculation can instantly breach your daily drawdown limit on prop firms like FTMO or Topstep. Always calculate your exact position size before entering orders.