XAU/EUR Spot Gold / Euro

XAU/EUR is the current price of gold in euros. It enables traders to take their position on gold in the form of a forex pair, instead of via futures or the spot market in USD. The current XAU/EUR price tells you how many euros it takes to buy a single troy ounce of gold.

The pair tends to see different price action to its more popular alternative, XAU/USD. However, both the euro and the US dollar can lose out to gold during times of economic uncertainty. Gold is seen as a ‘safe haven’ market, which can see demand rise when investors are panicked.

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Pivot Points

  • Pivot Point
  • Distance

    Distance

    Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.

  • Bid
  • Ask

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Understanding Pivot Points

Pivot points are used by traders as a predictive indicator and denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can...Read More
Learn more about Technical Analysis