1. What is XAUUSD Profit Calculator?

The XAUUSD Profit Calculator helps traders estimate their profit or loss from trading gold (XAU) against the US dollar (USD) on the Exness platform. It calculates based on the price difference, trade volume, and contract size.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• \( \text{Close} \) — Closing price of the trade (USD)
• \( \text{Open} \) — Opening price of the trade (USD)
• \( \text{Volume} \) — Trade volume in lots
• \( \text{Contract Size} \) — Size of one contract in ounces (typically 100 oz for XAUUSD)

Explanation: The formula calculates the profit by multiplying the price difference by the total volume traded and the contract size.

3. Importance of Profit Calculation

Details: Accurate profit calculation is crucial for risk management, trade planning, and performance evaluation in gold trading.

4. Using the Calculator

Tips: Enter the open and close prices in USD, volume in lots, and contract size in ounces. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the standard contract size for XAUUSD?
A: The standard contract size is typically 100 ounces per lot, but this may vary between brokers.

Q2: Does this calculator account for commissions or swaps?
A: No, this calculates only the gross profit from price movement. Additional costs should be considered separately.

Q3: Can I use this for other metals?
A: This calculator is specifically for XAUUSD (gold). Other metals may have different contract sizes.

Q4: How accurate is this calculation?
A: The calculation is mathematically precise for the given inputs, but actual trading results may vary due to execution prices.

Q5: What if my trade was a loss?
A: The calculator will show a negative value if the close price was lower than the open price.