XM – What is XAUUSD (Gold) and how to trade it?
Gold has a long history as a valuable commodity and has been used as currency for thousands of years. Today, gold has been used as a store of value and a hedge against inflation and economic instability. As such, it is an important asset for traders and investors worldwide and is one of the most-traded instruments.
The XAUUSD symbol is commonly used by traders to speculate on the price movements of gold. The price of gold is influenced by various factors, including economic indicators, geopolitical events, and market sentiment. As such, it is important for traders to stay up to date on these factors and to use technical analysis to identify potential trading opportunities.
In this video, we will learn more about the history of Gold or XAUUSD and whether it is a good choice for beginners who are starting trading. Also, we will look at some characteristics of Gold that can help traders.
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