Profit Calculator XAU/GBP
Using estimated rate
Calculate profit for XAU/GBP
Inputs
Calculate price difference
1.002 - 0.999 = 0.004
= 0.4 pips
Calculate pip value
For {pair}, approximately {value} per standard lot 0.5 lots = $0.50
= $0.50
Multiply by pip value
0.4 × $0.50
= $0.20
For XAU/GBP profit calculations: XAU/GBP uses 2-decimal pricing (0.01 per pip) since GBP is valued in hundreds per unit. Contract size: 100 units. Typical spreads: 30-45 pips.
Frequently Asked Questions
How do I calculate profit for a XAU/GBP trade?
For XAU/GBP, profit = (exit price - entry price) × lot size × contract size (100). For 2-decimal pairs, divide price difference by 0.01 to get pips.
How do I convert XAU/GBP profit to my account currency?
If your account is in GBP, profit is already in that currency. Otherwise, convert using the current exchange rate between GBP and your account currency.
Does spread affect my XAU/GBP profit calculation?
Yes, spread reduces profit on XAU/GBP trades. You pay the spread when entering, so your trade starts slightly negative. Factor this cost into your profit targets.