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Cup and Handle chart Pattern | XAUUSD | Gold Trader
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XAU:
This is the three-letter currency code used to represent gold. It's derived from the chemical symbol for gold, "Au," on the periodic table. In financial markets, precious metals like gold are often represented by these codes.
USD:
This is the three-letter currency code for the United States dollar. It represents the currency in which the gold price is quoted.
So, when you see "XAUUSD," it essentially represents the price of one troy ounce of gold in terms of US dollars. This trading symbol is commonly used in the forex (foreign exchange) and commodities markets.
This is the three-letter currency code used to represent gold. It's derived from the chemical symbol for gold, "Au," on the periodic table. In financial markets, precious metals like gold are often represented by these codes.
USD:
This is the three-letter currency code for the United States dollar. It represents the currency in which the gold price is quoted.
So, when you see "XAUUSD," it essentially represents the price of one troy ounce of gold in terms of US dollars. This trading symbol is commonly used in the forex (foreign exchange) and commodities markets.
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