Gold is quoted in dollars to two decimal places, for example 2410.53. The smallest step, one cent, is what MetaTrader calls a point. In the common signal convention a pip is ten of those points: a move from 2410.50 to 2410.60 is one pip, and a move from 2410.50 to 2411.50, one dollar, is ten pips.
What a pip is worth then depends only on how many ounces you hold. A standard lot of gold is usually 100 ounces.
| Lot size | Ounces | One pip ($0.10 of price) | A $1 move | A $10 move |
|---|---|---|---|---|
| 1.00 | 100 | $10 | $100 | $1,000 |
| 0.10 | 10 | $1 | $10 | $100 |
| 0.01 | 1 | $0.10 | $1 | $10 |
The pip value per lot is the contract size times the pip size: 100 ounces × $0.10 = $10. That is the same $10 a pip per lot as EUR/USD, which is why the same lot-size formula works for both.
Three ways people count gold pips
Gold has no single official pip, and three conventions are in common use:
- $0.10 is one pip. This is the usual convention in signal channels, and it is the one our signals, our results page and our calculators use. A $1 move is 10 pips.
- $0.01 is one pip. This is MetaTrader's point, and some traders and brokers call it a pip. A $1 move is 100 pips, so a "50 pip" stop is only fifty cents of price.
- $1.00 is one pip. Some traders count whole dollars. A "50 pip" move is then $50 of price.
The same $5 move is 50 pips, 500 points or 5 dollar-pips. Before you size anyone's gold signal, work out which convention the channel uses. The quickest way is to measure one of its signals on the chart: in the example from our signal-reading guide, TP1 at 2405.50 against an entry of 2410.50 is a $5.00 move, which is 50 pips at $0.10 a pip.
Why the pip value matters more on gold than on forex
The pip value per lot is the same as EUR/USD. The stops are not. Gold covers far more pips in a session than the major pairs do, so its stops and targets are wider in pips, and the money at risk grows with them.
Our replay of one month of VIP signals shows the scale. Between 24 August and 21 September 2026, the one gold signal that hit its stop lost 500 pips, a $50 move in gold's price, while the gold signals that reached a target were scored between +50 and +600 pips. Here is that 500-pip stop at three lot sizes, next to a 30-pip EUR/USD stop:
| Stop | 0.01 lots | 0.10 lots | 1.00 lot |
|---|---|---|---|
| Gold, 500 pips | $50 | $500 | $5,000 |
| Gold, 80 pips | $8 | $80 | $800 |
| EUR/USD, 30 pips | $3 | $30 | $300 |
A lot size that is comfortable on a forex signal can be several times too large on a gold signal. That is how small accounts get hurt on gold, and it has nothing to do with whether the signal was right.
Check your broker's contract size
100 ounces per lot is the usual contract, but some brokers and account types use another size. To check yours in MT4 or MT5, open Market Watch, right-click the gold symbol (it may be called XAUUSD, GOLD or XAUUSD with a suffix) and choose Specification. If the contract size reads 100, every table on this page applies. If it reads something else, scale the pip value with it: pip value per lot = contract size × $0.10.
Gold pip value in pounds or euros
Gold is priced in dollars, so its pip value is in dollars. If your account is in pounds or euros, the broker converts at the current exchange rate. At a GBP/USD rate of 1.25, for example, $10 a pip per lot is £8.00. The pip value calculator does the conversion at today's rate for any account currency.
A worked example
You have a $2,000 account and risk 1% a trade, so $20. A gold signal has its stop 80 pips from the entry.
- Money at risk: $20.
- Money per pip needed: $20 ÷ 80 pips = $0.25 a pip.
- Lots: $0.25 ÷ $10 per pip per lot = 0.025 lots, rounded down to 0.02.
- Check: 0.02 lots × 80 pips × $10 = $16 at the stop, inside the $20.
Now the same account and a gold signal with a 500-pip stop: $20 ÷ (500 × $10) = 0.004 lots, below the usual 0.01 minimum. At 0.01 lots the stop costs $50, which is 2.5% of the account. The choice is to accept 2.5% on that trade or skip it, and the time to make that choice is before the signal arrives. The gold lot size calculator runs these steps from a signal's entry and stop, and the position sizing guide explains the formula.
How Forexero counts gold
Every gold figure on this site uses $0.10 a pip: the signals, the results page and the calculators. A gold signal recorded at +500 on the results page means gold moved $50 from the entry to the target that was reached. What that was worth to any one trader depended on their lot size, which is the part this page is about.
Every closed signal is on the record
The results page lists each closed VIP signal with its entry, stop, targets and outcome, stops included.
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